Credit Card Interest Calculator
Find out how much interest you're paying on your credit card dues
₹50,000
₹1K₹10L
3.5%
1%/mo5%/mo
₹5,000
₹500₹5L
Total Interest
—
Months to Payoff
—
Total Paid
—
Annual Rate (APR)
—
How Credit Card Interest Works in India
Credit cards in India typically charge 2.5% to 3.75% per month (30–45% per annum) on the outstanding balance if you don't pay the full bill. Even paying the minimum due means interest is charged on the entire balance from the date of each transaction.
Why You Should Avoid Revolving Credit Card Debt
At 3.5% per month, a ₹50,000 balance costs you ₹1,750 in interest in just one month. Over a year of minimum payments, you could end up paying more in interest than your original debt. Always try to pay the full outstanding amount before the due date.
Frequently Asked Questions
What happens if I pay only the minimum due?▾
Interest is charged on the entire outstanding balance, not just the remaining amount. You also lose the interest-free credit period on new purchases. This can trap you in a debt cycle that takes years to clear.
Is credit card interest calculated daily or monthly?▾
Most Indian banks calculate interest on a daily basis and charge it monthly. The daily rate is the monthly rate divided by 30. This means even a few days delay can add significant interest.
How can I avoid credit card interest?▾
Pay your full statement balance before the due date every month. This gives you up to 45–50 days of interest-free credit. Set up auto-pay for the full amount to never miss a payment.