Minimum Payment Calculator

What is the Minimum Payment Calculator?

The minimum amount due on a credit card is usually just 5% of the outstanding balance. Paying only that keeps your account in good standing, but interest keeps running on the rest — and as the balance falls, so does the minimum, stretching repayment over years.

Enter your balance, the card rate and the minimum-due rules. This minimum payment calculator shows how long paying only the minimum takes, the interest and GST it costs, and how much you save by paying a fixed amount equal to your first minimum due instead.

How to use the Minimum Payment Calculator

1. Outstanding Card Balance (₹) (sample: 1,00,000)
2. Card Interest Rate (% per year) (sample: 42)
3. Minimum Amount Due (% of balance) (sample: 5)
4. Minimum Due Floor (₹) (sample: 200)
5. Press Calculate Minimum Payment Trap (results also refresh as you type). The result card shows the Time to Clear Paying Only the Minimum, along with Interest + GST paying only the minimum, First minimum amount due, If you keep paying ₹5,000 every month and Interest + GST with that fixed payment.

Formula used

Minimum due = max(Balance × Minimum %, Floor amount)

• Monthly interest = balance × annual rate ÷ 12, plus 18% GST

Because the minimum falls with the balance, the debt shrinks very slowly — often for decades.

Worked example

These are the sample values already filled in the calculator above, and the result it returns for them:

Tips for using the Minimum Payment Calculator

• Paying the minimum avoids late fees but not interest.
• Any unpaid balance also removes the interest-free period on new purchases.
• Fix your payment at today's minimum amount and the debt clears many times faster.