Calculate how long it will take to pay off your credit card debt and how much interest you'll pay. Create a strategic debt repayment plan and become debt-free faster.
• Pay ₹7,000/month: Payoff in 8 months, save ₹3,200 in interest
• Pay ₹10,000/month: Payoff in 5 months, save ₹5,800 in interest
Paying only the minimum (₹1,000/month) will take 8 years and cost ₹46,320 in interest!
Pay off highest interest rate debt first
Pay off smallest balance first for motivation
Combine debts into single lower-rate loan
Credit card debt is one of the most expensive forms of borrowing in India, with interest rates ranging from 36-48% per annum in November 2025. The high interest rates mean that carrying a balance can quickly become financially burdensome.
Paying only the minimum amount due (typically 5% of outstanding balance) can extend your debt for years and result in paying 2-3 times the original amount in interest. Creating a strategic payoff plan is essential for financial health.