← All Money Tools
Credit Card Cost
How long could this card balance take to clear?
Enter the outstanding balance, annual interest rate and the monthly amount you plan to pay. MoneySastra estimates the repayment time and interest if you make no new purchases.
Minimum due is not the same as clearing the bill
Paying only a small amount can leave the balance running for much longer. Use the actual annual rate shown by your card issuer for a better illustration.
Enter the card balance, annual rate and monthly payment.
Estimated time to clear
What this means
Starting balance
Estimated interest
Total paid
First-month interest
Why revolving card debt can become expensive
When the full amount due is not cleared, finance charges can continue to apply to the unpaid balance under the card issuer’s terms. This illustration assumes no fresh purchases and a fixed monthly payment.
Illustration only. Actual card charges can differ because of transaction dates, GST, fees, interest-free-period rules, cash advances, late charges and issuer methodology. Check your card statement and terms. RBI credit-card FAQs ↗