Calculator
Credit Card Payoff Calculator
See the true cost of paying only the minimum on your credit card. Compare with a fixed monthly payment to see how much you can save.
₹
₹5,000₹20,00,000
%
12%48%
%
1%10%
₹
₹1,000₹2,00,000
Interest Saved
₹1,28,584
Fixed payment vs minimum
Minimum Payment Trap
Time to payoff226 months
Total interest₹2,03,573
Fixed Payment Plan
Time to payoff35 months
Total interest₹74,989
The Minimum Payment Trap
Credit card companies set minimum payments low (typically 2-5%) so you stay in debt longer and pay more interest. On a ₹1 lakh balance at 42% APR, paying only the minimum can take 10+ years and cost you more than the original amount in interest alone.
How to Escape
- Always pay more than the minimum — even ₹500 extra helps
- Stop using the card while paying it off
- Consider a balance transfer to a lower rate card
- Use EMI Se Azaadi's Zero Debt Strategy to optimize payoff