About the Credit Card Minimum Due Calculator
This shows your current minimum amount due, and simulates what happens if you only ever pay the minimum due every month — how many months it would take to clear the balance, and how much interest you'd pay along the way.
How it works
Minimum due is calculated as the greater of your minimum due percentage of the outstanding balance, or ₹500. The simulation then applies this each month: interest accrues on the full outstanding balance at the monthly rate (annual rate ÷ 12) — this is how Indian card issuers actually revolve credit, not just on the unpaid minimum — then the minimum due payment is subtracted. This repeats until the balance is cleared (capped at 600 months) or until it's paid off, tracking total interest paid along the way.
Assumptions and behaviour
- Minimum due is 5% of the outstanding balance or ₹500, whichever is higher by default — adjust to match your card's actual terms.
- Assumes no new spending is added to the card during the payoff period — only the starting balance is being paid down.
- Interest accrues on the entire outstanding balance each month, matching how Indian card issuers revolve credit when you pay less than the full amount.
Limitations
- Paying only the minimum due is expensive and can take years to clear a balance — pay more than the minimum whenever possible.
- Doesn't include late payment fees, over-limit charges, or GST on interest.
- Assumes your minimum due percentage and interest rate stay constant — issuers can change these.
Privacy
The calculation runs entirely in your browser. Nothing is uploaded or stored.
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