Credit Card Payoff Calculator
See how long it will take to pay off your credit card debt and how much interest you will save by increasing monthly payments.
Credit Card Debt Details
₹50,000
36%
Typical Credit Card APR is 30-40%
₹2,500
Payoff Plan
Time to Debt Free
0 Months
Total Interest Payable₹0
Total Amount Payable₹0
The Cost of Credit Card Debt
Credit cards have High interest rates (APR), often 30-40% annually in India. Paying only the minimum amount due can keep you in debt for years. Use this calculator to plan a repayment strategy that works for you.
Frequently Asked Questions
How can I pay off my credit card faster?
Pay more than the minimum due, stop new spending on the card, and consider a balance transfer to a lower interest card.
What is the Snowball method?
The Debt Snowball method suggests satisfying debts from smallest balance to largest, gaining momentum as each is paid off.