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Credit Card Minimum Payment Calculator
Work out the minimum payment due on a credit card, how much of it is interest, and how long paying only that amount would take to clear the balance.Finance · Loans
Quick answer
Example: Card balance ₹50,000, Annual interest rate (APR) 36%, Minimum as % of balance 5% → Minimum payment due: ₹2,500.
Enter your values
0.1 %60 %
%
0.1 %20 %
%
Add the month's interest to the minimum
Minimum payment due
₹2,500
An amount worked out directly from the figures you entered above.
60% is interest charged this month
Minimum payment due
₹2,500
Interest charged this month
₹1,500
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See how the result changes
Each table re-runs this calculator with one value changed and everything else left as it is.
Minimum payment due by card balance
If card balance goes from ₹50,000 to ₹75,000, minimum payment due changes from ₹2,500 to ₹3,750 (+50%).
| Card balance | Minimum payment due |
|---|---|
| ₹25,000 | ₹1,250 |
| ₹37,500 | ₹1,875 |
| ₹50,000start | ₹2,500 |
| ₹75,000 | ₹3,750 |
| ₹1,00,000 | ₹5,000 |
Minimum payment due by minimum as % of balance
If minimum as % of balance goes from 5% to 7.5%, minimum payment due changes from ₹2,500 to ₹3,750 (+50%).
| Minimum as % of balance | Minimum payment due |
|---|---|
| 2.5% | ₹1,250 |
| 3.75% | ₹1,875 |
| 5%start | ₹2,500 |
| 7.5% | ₹3,750 |
| 10% | ₹5,000 |
Minimum payment due by add the month's interest to the minimum
Switching add the month's interest to the minimum from no to yes changes minimum payment due from ₹2,500 to ₹4,000 (+60%).
| Add the month's interest to the minimum | Minimum payment due |
|---|---|
| nostart | ₹2,500 |
| yes | ₹4,000 |
FINANCE GUIDE
A quick guide to Credit Card Minimum Payment Calculator
Work out the minimum payment due on a credit card, how much of it is interest, and how long paying only that amount would take to clear the balance. Use it to get an accurate minimum payment due in seconds — free, with no sign-up.
Instant results
See your minimum payment due the moment you enter your numbers.
Free, no sign-up
Every calculator here is free to use, with no account required.
Accurate & transparent
The same standard formula runs on our server for every calculation.
How to Use the Credit Card Minimum Payment Calculator
1
Enter Card balance
Provide your card balance.
2
Enter Annual interest rate (APR)
Provide your annual interest rate (APR), in %.
3
Enter Minimum as % of balance
Provide your minimum as % of balance, in %.
4
View Your Results
Get your minimum payment due instantly, calculated on our server.
What is Credit Card Minimum Payment Calculator?
Work out the minimum payment due on a credit card, how much of it is interest, and how long paying only that amount would take to clear the balance. This finance tool works out your minimum payment due instantly, so you don't have to do the math by hand.
“One quick calculation, so you always know your minimum payment due before you decide.”
What Affects Your Minimum payment due
Your minimum payment due depends on the values below.
Card balance
Changing your card balance changes your minimum payment due.
Annual interest rate (APR)
Changing your annual interest rate (APR) changes your minimum payment due. Typically between 0.01 and 60 %.
Minimum as % of balance
Changing your minimum as % of balance changes your minimum payment due. Typically between 0.1 and 20 %.
Minimum amount (floor)
Changing your minimum amount (floor) changes your minimum payment due.
Example Result
Here's what you can expect from a credit card minimum payment calculator calculation:
- Card balance
- 50000
- Annual interest rate (APR)
- 36 %
- Minimum as % of balance
- 5 %
- Minimum amount (floor)
- 200
- Minimum payment due
- ₹2,500
- Interest charged this month
- ₹1,500
- Part that reduces your balance
- ₹1,000
- Months to clear at this same payment
- 31
- Total interest at this same payment
- ₹27,497.28
Frequently Asked Questions
- How does card balance affect minimum payment due?
- If card balance goes from ₹50,000 to ₹75,000, minimum payment due changes from ₹2,500 to ₹3,750 (+50%).
- How does minimum as % of balance affect minimum payment due?
- If minimum as % of balance goes from 5% to 7.5%, minimum payment due changes from ₹2,500 to ₹3,750 (+50%).
- How to calculate credit card minimum payment calculator?
- Fill in card balance, annual interest rate (APR) and minimum as % of balance in the Credit Card Minimum Payment Calculator above and your minimum payment due is calculated instantly. Change any value to see how the result responds.
- What does an example credit card minimum payment calculator calculation look like?
- Take Card balance ₹50,000, Annual interest rate (APR) 36% and Minimum as % of balance 5%. The calculator gives Minimum payment due: ₹2,500.
- What do I need to enter in the Credit Card Minimum Payment Calculator?
- Card balance (at least 1), Annual interest rate (APR) in % (0.01 to 60), Minimum as % of balance in % (0.1 to 20) and Minimum amount (floor). The minimum payment due updates as soon as you change a value.
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