DeskTray

Credit Card Interest Calculator

Find out how much interest you pay when you carry a credit card balance, and how long it takes to become debt-free.

Runs in your browser. Nothing is uploaded Free, no sign-up Works on mobile
₹
50 Thousand
% / month
Most Indian cards charge 3–3.75% a month (about 36–45% a year)
Repayment plan
₹
Time to clear the debt
1 yr 2 mo
Total interest + GST
₹16,488
Total paid
₹66,488
Annual rate
43.2%

Includes 18% GST charged on interest. Paying only the minimum due keeps you in debt for years. Interest is also charged on new purchases while a balance is unpaid.

Month-by-month (first 10 years)

MonthPaymentInterest + GSTBalance
1₹5,000₹2,124₹47,124
2₹5,000₹2,002₹44,126
3₹5,000₹1,874₹41,000
4₹5,000₹1,742₹37,742
5₹5,000₹1,603₹34,345
6₹5,000₹1,459₹30,804
7₹5,000₹1,309₹27,113
8₹5,000₹1,152₹23,265
9₹5,000₹988₹19,253
10₹5,000₹818₹15,071
11₹5,000₹640₹10,711
12₹5,000₹455₹6,166
13₹5,000₹262₹1,428
14₹5,000₹61₹0

How to use Credit Card Interest Calculator

  1. Enter your outstanding balance.
  2. Enter the monthly interest rate from your card statement.
  3. Choose a fixed monthly payment or minimum-due-only.
  4. See the time to clear the debt and total interest.

Frequently asked questions

How much interest do credit cards charge in India?

Most cards charge 3–3.75% a month, which is 36–45% a year, plus 18% GST on the interest. This makes credit card debt one of the most expensive forms of borrowing.

What happens if I pay only the minimum due?

You avoid a late fee, but interest is charged on the full balance and on new purchases. Paying only the minimum can keep you in debt for years.

How can I reduce credit card interest?

Pay the full amount by the due date, convert large balances to an EMI at a lower rate, or use a cheaper personal loan to repay the card.

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