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Credit cards · Calculator
If you only pay the minimum due each month, when will you be debt-free? Spoiler: maybe never. Here's the maths in three strategies — see exactly what each ₹1,000 of extra payment saves you.
Time to pay off
18y 10m
Total interest
₹97,350
Total paid
₹1,47,350
The classic CC trap — bank interest grows faster than you pay it down
Time to pay off
1y 1m
Total interest
₹11,847
Total paid
₹61,847
Steady amount each month — the no-brainer middle path
Time to pay off
1y 9m
Total interest
₹17,112
Total paid
₹67,112
Aggressive payoff — biggest interest savings
A ₹50,000 balance at 40% APR with min-due-only payments costs you ₹97,350 in interest over 18y 10m.
Adding just ₹2,000/month extra cuts that to ₹17,112 over 1y 9m.
You save ₹80,238 in interest.