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Credit Card Payoff Calculator
Result
Chart
Show formula & working
Each month: Balance × r interest + 18% GST on it; payment reduces the balance
Minimum due = higher of (% of balance, floor, interest + GST + 1% of balance)
RBI requires the minimum due to cover at least the month's interest and charges, so the balance never grows (no negative amortisation). The extra 1% of the balance is an assumption for illustration; issuers set their own formula.Details
RBI rules on credit-card dues: rates and rules as of 01-Oct-2026 · Source: RBI (Commercial Banks – Credit Cards and Debit Cards: Issuance and Conduct) Directions, 2025 (RBI/DOR/2025-26/155, 28 Nov 2025, updated as on 1 October 2026), paragraphs 23(2), 23(5), 23(6) and 12(3); GST: Notification 12/2017-CT(Rate) entry 27(a) excludes credit-card interest from the exemption. Every figure based on it stays editable.
How this works
Minimum payments shrink as the balance falls, so the debt drags on for years and the interest adds up to more than the original spend.
A fixed monthly payment — even a modest one — clears the card far faster. If you have a lower-cost loan option, consolidation can help too.
Frequently asked questions
Why does paying the minimum take so long?
Most of each minimum payment goes to interest and GST; only a small slice reduces the balance.
Does this include new spending?
No. It assumes you stop using the card while you repay.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.