Is this my bank's minimum amount due?

No. You enter the percentage and the rupee floor. An issuer can add fees, taxes, and its own payment order. This page only amortizes the assumptions you type.

Does paying the minimum avoid interest?

Not in this illustration. Each month charges interest on the opening balance while it revolves. A real grace period can change that when a statement is paid in full. See the minimum-due guide for that distinction.

What if the payment does not cover the interest?

The balance does not fall. The calculator stops and does not show a payoff date.

Why might my statement differ?

Transaction dates, the billing cycle, a lost grace period, GST on interest, fees, and which balances the issuer pays first are outside this model. Your MITC and statement decide the charge.

Tool · Repayment

Credit card minimum payment calculator

If you pay only a minimum you define, how much interest might you pay, and how long might the balance take to clear? This is an illustrative amortization, not a prediction of a bank statement.

JavaScript is off, so the figures stay on the worked example: ₹10,000 at 3% a month, a 5% minimum with a ₹200 floor, ₹2,000 extra on the comparison path, and no new spending.

Your assumptions

Outstanding balance (₹) Monthly interest rate (%) The monthly rate you assume. Not an APR divided by 12, and not read from a card. Minimum payment percentage (%) Illustrative. Not your issuer's rule. Minimum payment floor (₹) Additional monthly payment (₹) Compared with paying only the minimum. It does not change the minimum-only path. New spending each month (₹)

Minimum payment only

Estimated time

74 months

Total interest: ₹10,561.11
Total repaid: ₹20,561.11

The balance reaches zero only under these assumptions. A statement can differ.

With the additional payment

Estimated time

5 months

Total interest: ₹849.04
Total repaid: ₹10,849.04

The balance reaches zero only under these assumptions. A statement can differ.

Month by month, minimum payment only

Month 1: interest ₹300, paid ₹515, balance ₹9,785
Month 2: interest ₹293.55, paid ₹503.93, balance ₹9,574.62
Month 3: interest ₹287.24, paid ₹493.09, balance ₹9,368.77
Month 4: interest ₹281.06, paid ₹482.49, balance ₹9,167.34
Month 5: interest ₹275.02, paid ₹472.12, balance ₹8,970.24
Month 6: interest ₹269.11, paid ₹461.97, balance ₹8,777.38
Month 7: interest ₹263.32, paid ₹452.04, balance ₹8,588.66
Month 8: interest ₹257.66, paid ₹442.32, balance ₹8,404
Month 9: interest ₹252.12, paid ₹432.81, balance ₹8,223.31
Month 10: interest ₹246.70, paid ₹423.50, balance ₹8,046.51
Month 11: interest ₹241.40, paid ₹414.40, balance ₹7,873.51
Month 12: interest ₹236.21, paid ₹405.49, balance ₹7,704.23
Month 13: interest ₹231.13, paid ₹396.77, balance ₹7,538.59
Month 14: interest ₹226.16, paid ₹388.24, balance ₹7,376.51
Month 15: interest ₹221.30, paid ₹379.89, balance ₹7,217.92
Month 16: interest ₹216.54, paid ₹371.72, balance ₹7,062.74
Month 17: interest ₹211.88, paid ₹363.73, balance ₹6,910.89
Month 18: interest ₹207.33, paid ₹355.91, balance ₹6,762.31
Month 19: interest ₹202.87, paid ₹348.26, balance ₹6,616.92
Month 20: interest ₹198.51, paid ₹340.77, balance ₹6,474.66
Month 21: interest ₹194.24, paid ₹333.45, balance ₹6,335.45
Month 22: interest ₹190.06, paid ₹326.28, balance ₹6,199.23
Month 23: interest ₹185.98, paid ₹319.26, balance ₹6,065.95
Month 24: interest ₹181.98, paid ₹312.40, balance ₹5,935.53
Month 25: interest ₹178.07, paid ₹305.68, balance ₹5,807.92
Month 26: interest ₹174.24, paid ₹299.11, balance ₹5,683.05
Month 27: interest ₹170.49, paid ₹292.68, balance ₹5,560.86
Month 28: interest ₹166.83, paid ₹286.38, balance ₹5,441.31
Month 29: interest ₹163.24, paid ₹280.23, balance ₹5,324.32
Month 30: interest ₹159.73, paid ₹274.20, balance ₹5,209.85
Month 31: interest ₹156.30, paid ₹268.31, balance ₹5,097.84
Month 32: interest ₹152.94, paid ₹262.54, balance ₹4,988.24
Month 33: interest ₹149.65, paid ₹256.89, balance ₹4,881
Month 34: interest ₹146.43, paid ₹251.37, balance ₹4,776.06
Month 35: interest ₹143.28, paid ₹245.97, balance ₹4,673.37
Month 36: interest ₹140.20, paid ₹240.68, balance ₹4,572.89
Month 37: interest ₹137.19, paid ₹235.50, balance ₹4,474.58
Month 38: interest ₹134.24, paid ₹230.44, balance ₹4,378.38
Month 39: interest ₹131.35, paid ₹225.49, balance ₹4,284.24
Month 40: interest ₹128.53, paid ₹220.64, balance ₹4,192.13
Month 41: interest ₹125.76, paid ₹215.89, balance ₹4,102
Month 42: interest ₹123.06, paid ₹211.25, balance ₹4,013.81
Month 43: interest ₹120.41, paid ₹206.71, balance ₹3,927.51
Month 44: interest ₹117.83, paid ₹202.27, balance ₹3,843.07
Month 45: interest ₹115.29, paid ₹200, balance ₹3,758.36
Month 46: interest ₹112.75, paid ₹200, balance ₹3,671.11
Month 47: interest ₹110.13, paid ₹200, balance ₹3,581.24
Month 48: interest ₹107.44, paid ₹200, balance ₹3,488.68
Month 49: interest ₹104.66, paid ₹200, balance ₹3,393.34
Month 50: interest ₹101.80, paid ₹200, balance ₹3,295.14
Month 51: interest ₹98.85, paid ₹200, balance ₹3,193.99
Month 52: interest ₹95.82, paid ₹200, balance ₹3,089.81
Month 53: interest ₹92.69, paid ₹200, balance ₹2,982.50
Month 54: interest ₹89.48, paid ₹200, balance ₹2,871.98
Month 55: interest ₹86.16, paid ₹200, balance ₹2,758.14
Month 56: interest ₹82.74, paid ₹200, balance ₹2,640.88
Month 57: interest ₹79.23, paid ₹200, balance ₹2,520.11
Month 58: interest ₹75.60, paid ₹200, balance ₹2,395.71
Month 59: interest ₹71.87, paid ₹200, balance ₹2,267.58
Month 60: interest ₹68.03, paid ₹200, balance ₹2,135.61
Month 61: interest ₹64.07, paid ₹200, balance ₹1,999.68
Month 62: interest ₹59.99, paid ₹200, balance ₹1,859.67
Month 63: interest ₹55.79, paid ₹200, balance ₹1,715.46
Month 64: interest ₹51.46, paid ₹200, balance ₹1,566.92
Month 65: interest ₹47.01, paid ₹200, balance ₹1,413.93
Month 66: interest ₹42.42, paid ₹200, balance ₹1,256.35
Month 67: interest ₹37.69, paid ₹200, balance ₹1,094.04
Month 68: interest ₹32.82, paid ₹200, balance ₹926.86
Month 69: interest ₹27.81, paid ₹200, balance ₹754.67
Month 70: interest ₹22.64, paid ₹200, balance ₹577.31
Month 71: interest ₹17.32, paid ₹200, balance ₹394.63
Month 72: interest ₹11.84, paid ₹200, balance ₹206.47
Month 73: interest ₹6.19, paid ₹200, balance ₹12.66
Month 74: interest ₹0.38, paid ₹13.04, balance ₹0

Month by month, with the additional payment

Month 1: interest ₹300, paid ₹2,515, balance ₹7,785
Month 2: interest ₹233.55, paid ₹2,400.93, balance ₹5,617.62
Month 3: interest ₹168.53, paid ₹2,289.31, balance ₹3,496.84
Month 4: interest ₹104.91, paid ₹2,200, balance ₹1,401.75
Month 5: interest ₹42.05, paid ₹1,443.80, balance ₹0

How the illustration counts a month

Interest is charged on the opening balance, at the monthly rate you enter.
New spending, if you entered any, is added after that interest.
The payment is the higher of your floor and your percentage of the amount then owed, plus any additional amount. It never exceeds what is owed.

The worked example starts at ₹10,000, charges ₹300 of interest in month 1, and pays ₹515 on the minimum-only path. Minimum only takes 74 months and ₹10,561.11 of interest. Adding ₹2,000 a month takes 5 months and ₹849.04 of interest.

What a statement can include that this does not

Grace period. Paying a statement in full can avoid purchase interest. This model assumes the balance is already revolving.
Dates and cycles. Interest here is one charge per illustrated month, not a daily charge from each transaction date.
GST, fees, and allocation. Tax on interest, late fees, and which balance an issuer pays first are excluded.

Common questions

Is this my bank's minimum amount due?: No. You enter the percentage and the rupee floor. An issuer can add fees, taxes, and its own payment order. This page only amortizes the assumptions you type.
Does paying the minimum avoid interest?: Not in this illustration. Each month charges interest on the opening balance while it revolves. A real grace period can change that when a statement is paid in full. See the minimum-due guide for that distinction.
What if the payment does not cover the interest?: The balance does not fall. The calculator stops and does not show a payoff date.
Why might my statement differ?: Transaction dates, the billing cycle, a lost grace period, GST on interest, fees, and which balances the issuer pays first are outside this model. Your MITC and statement decide the charge.