Minimum-Payment Trap Calculator

Paying only the minimum due on a credit card feels manageable each month, but because the minimum is a shrinking percentage of a shrinking balance, it can take years to pay off — while interest keeps compounding the entire time. This calculator makes that reality concrete with your actual numbers.

Worked example: a ₹1,00,000 balance at 42% APR, paid at a 5% minimum (with a ₹500 floor), takes roughly 188 months — over 15 years — to clear, and costs about ₹2,17,499 in interest, more than double the original balance. This is exactly the trap that paying more than the minimum helps you avoid.