Credit
Credit Card Interest Calculator
What revolving a balance actually costs at 3.5% a month.
₹1 L
₹1,000₹1,00,000₹50 L
0.53.5%5
₹100₹5,000₹50 L
Effective annual rate
51.11%
- Principal46%
- Interest + GST54%
- Monthly rate
- 3.50%
- Time to clear
- 3 yr 8 mo
- Total interest + GST paid
- ₹1,16,066
- Total repaid
- ₹2,16,066
- Typical minimum due (5%)
- ₹5,000
What this means.Credit card interest of 3.5% a month is 51.1% a year once compounded — and 18% GST applies on the interest too. Paying only the minimum due would take decades.
Worth knowing.Results are estimates based on the assumptions you enter. Actual outcomes depend on the exact terms offered to you, the compounding convention your institution uses, and tax law as it applies to your situation. Nothing here is personalised advice.
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