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Credit Card Payoff Calculator - See When You Will Be Debt Free.

Set your balance, payment, and rate. Skip a month, add a purchase, and watch what actually happens to your debt month by month.

Your Card Details

₹
₹1,000 ₹1,00,000 ₹10,00,000
₹
₹500 ₹10,000 ₹2,00,000

Applies to all months. Override any individual month in the schedule.

3.75% / mo  (45% p.a.)
1% / mo2.25%3.75%4.5%

Every month pays your set amount above. Override individual months in the schedule.

To skip a specific month, use the Skip button on that row in the schedule below.

Payoff Summary

Outstanding Balance --
Monthly Rate --
Months to Pay Off --
Total Interest --
Late Fees (incl. 18% GST) --
Total Amount Paid --
You pay extra (interest + fees)
--
Set amount row
Min due row
Defaulted row
Purchase added

Balance Over Time

Balance Purchase added

Month-by-Month Schedule

Tap Pay / Min / Skip on any row to change that month. Use + Purchase to add a new spend.

Month Opening Interest Purchase Late Fee Payment To Principal Closing Controls

How This Calculator Works

1

Enter your card details

Type in your current outstanding balance, the monthly payment you plan to make, and your card's monthly interest rate. Most Indian credit cards charge between 3% and 3.75% per month.

2

Choose your default payment type

Pay Set Amount applies your entered payment to every month. Minimum Due Only pays just 5% of the outstanding balance each month try this to see how long it really takes.

3

Override any individual month

In the month-by-month schedule, each row has Pay / Min / Skip buttons. Pay lets you enter a custom amount for that month. Min pays only the minimum due. Skip misses the payment entirely and applies a standard late fee as per bank slab rates plus 18% GST.

4

Add new purchases mid-way

Click + Purchase on any month's row to add a new spend during that month. The amount is added to that month's closing balance and carries forward just like how credit cards actually work when you have an outstanding balance.

5

Read the closing balance colour

The closing balance changes colour as you pay down your debt. Red means over 60% still remaining. Amber means 30–60% remaining. Green means under 30% you are nearly there. A ✓ means fully paid off.

6

Download your schedule as a PDF

Once you have set up your scenario, click Download PDF Report on the summary panel. The PDF includes all your inputs, the full month-by-month table, and a summary of total interest and fees paid.

How the maths works

Monthly Interest = Opening Balance × (Monthly Rate / 100)

To Principal = Payment − Monthly Interest

Closing Balance = Opening + Interest + Late Fee − Payment + New Purchases

Minimum Due = max(5% of Balance, ₹200)

Frequently Asked Questions

A revolving balance is the unpaid amount carried over from one billing cycle to the next. When you do not pay your full statement balance by the due date, the remaining amount revolves and starts attracting interest, typically at 36% to 45% per annum on Indian credit cards.
Indian banks charge interest on the outstanding balance at a monthly rate, typically between 3% and 3.75% per month (36% to 45% per annum). This applies to the full outstanding balance from the statement date if you have not paid the previous bill in full. This calculator uses monthly compounding on the closing balance as a simplified model.
The minimum amount due on most Indian credit cards is 5% of the outstanding balance or ₹200, whichever is higher. Paying only the minimum means the remaining balance keeps attracting interest every month, making total repayment significantly more expensive than the original balance.
If you miss even the minimum payment by the due date, the bank charges a late payment fee based on your outstanding balance, plus 18% GST on that fee. Interest also continues to accrue on the full balance. Standard Indian bank late fees range from ₹100 for small balances up to ₹1,300 for larger outstanding amounts, before GST.
Much longer than most people expect. A balance of ₹1,00,000 at 3.75% monthly interest with minimum due payments of 5% takes over 5 years to clear, and you end up paying significantly more in interest than the original balance. Switch the default payment type to "Minimum Due Only" in this calculator to see your exact timeline.
Yes, significantly. When you already have an outstanding balance, any new purchase is added to that balance and immediately attracts interest. There is no interest-free grace period when you are revolving a balance. Use the + Purchase button on any month's row to simulate this and see exactly how it pushes your payoff date further out.
Always. The minimum due is designed to keep your account in good standing, not to help you become debt-free. Paying even ₹1,000 or ₹2,000 extra each month can dramatically reduce the total interest paid and the time to payoff. Use this calculator to compare: enter a higher payment amount and see how many months you save.
This calculator uses monthly compounding on the closing balance, which is a simplified model. Actual banks use the average daily balance method, and interest may be backdated to the transaction date when you carry a balance. Late fees are based on standard Indian bank slab rates. Use this for planning and directional understanding check with your bank for exact figures.
Stop adding new purchases to the card, pay as much above the minimum due as possible each month, and never skip a payment. Even one missed payment adds a late fee and compounds interest on a higher balance. If you have multiple cards, pay off the highest interest rate card first while making minimum payments on others this is called the debt avalanche method.
Late payment fees are based on standard Indian bank slab rates including 18% GST. Minimum due = 5% of outstanding or ₹200, whichever is higher. Monthly compounding is used for simplicity. Actual charges vary by bank and card type.

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