Tax year 2026-27 · was AY 2027-28

Credit Card Minimum Due Calculator

How long a balance takes to clear if you pay only the minimum, and what that costs in interest and GST.

Your numbers

Nothing you type here leaves your device as you work. Saving is the only thing that sends it anywhere, and only when you ask.

Balance on the card

₹

₹1 lakh

Monthly interest rate

%

On your statement. Usually between 3% and 3.75% a month.

Minimum due as % of balance

%

Or, a fixed amount you could pay

₹

₹10 thousand

To compare against paying the minimum.

₹ MoneyLingo · moneylingo.in

Credit Card Minimum Due Calculator

Worked out on 13/8/2026

What produced these results
Balance on the card	100000
Monthly interest rate	3.5
Minimum due as % of balance	5
Or, a fixed amount you could pay	10000

My scenarios (0/10)

Snapshots of your inputs, so you can flip between them — “20 years at 9%” against “15 years at 9.5%”. Stored in this browser only, no account needed.

Paying only the minimum

33 years 9 months

Costing ₹3,78,256 in interest and GST

Total you would pay: ₹4,78,256
As a multiple of the balance: 4.8×
The real annual rate: 51.1%
Paying the fixed amount instead: 1 year 2 months
Interest saved by doing that: ₹3,46,592
Paying in full: ₹0 interest

How long it takes to clear

Minimum due only33 years 9 months

Paying ₹10,000 a month1 year 2 months

Paying in full1 month

The minimum due is designed to keep the account healthy for the bank, not to clear your balance.

What the balance ends up costing

21%

79%

What you spent₹1,00,000
Interest and GST₹3,78,256

What this means

Paying only the minimum takes 405 months — about 33.8 years — and costs ₹3,78,256 in interest and GST on a balance of ₹1,00,000.
3.50% a month is 51.1% a year once it compounds. Card statements quote the monthly figure, which sounds far smaller than it is.
GST at 18% is charged on the interest, so the real cost is higher than the interest rate alone. The GST itself does not earn the bank further interest — RBI does not permit capitalising taxes — but it still has to be paid.
Paying anything less than the full statement balance also ends your interest-free period. New purchases then start accruing interest from the day you make them, not from the next statement.
If a balance has become unmanageable, converting it to a personal loan is usually cheaper than carrying it on the card — and talking to the bank early is far better than missing payments.

Questions people actually ask

Is paying the minimum due safe?: It keeps your account from going delinquent, and that is all it does. At 3-3.75% a month, paying only the minimum can take years to clear a balance and cost more in interest than the original purchase. It also ends your interest-free period, so new purchases start accruing interest immediately.
What is 3.5% a month as an annual rate?: About 51% a year once it compounds — and GST at 18% on the interest sits on top of that, so the all-in cost is higher still. Statements quote the monthly figure, which sounds far smaller than it is.

Where these numbers come from

Every rate this tool uses, its source, and the date a human last checked it against that source.

DICGC deposit insurance cover, per depositor per bank · checked 2026-04-05
Covers principal and interest together, aggregated across all branches of the same bank, in the same right and capacity.
s.194A threshold for interest paid by a bank to a resident · checked 2026-04-05
s.194A threshold for a resident senior citizen · checked 2026-04-05
s.194A rate where PAN is furnished · checked 2026-04-05
20% where PAN is not furnished. TDS is not the final tax — the interest is still taxable at your slab rate.

See every figure on the site and its source →

Understand what the number means

A figure on its own decides nothing. These explain what is being calculated and what changes it.

All 24 calculators → · Glossary →