Finance
Credit Card Interest Calculator
Credit card debt compounds at 30–48% APR — the highest rate most people will ever pay. Plug in your balance, APR and monthly payment to see the full payoff timeline, total interest, and a clear warning if your payment can't outrun the interest.
Time to pay off
Total interest
₹73,742
Total paid
₹2,23,742
Monthly payment
₹8,000
Paying just the minimum each month can stretch your debt for years and double or triple the total cost. Increasing your monthly payment dramatically shortens payoff time.
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Frequently asked
- Why is credit card interest so expensive?
- Credit cards charge monthly interest on the unpaid balance — even small balances compound rapidly. A 36% APR is roughly 3% per month, doubling debt in ~24 months without payments.
- What's the fastest way to clear card debt?
- Stop new spending, pay 2–3× the minimum, and consider transferring the balance to a personal loan at a much lower rate (typically 11–18%).
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Prepayment Calculator