Credit Card Payoff Calculator
See your payoff date, total interest, and how much extra payments save you.
Current plan
With +₹2,000 extra / month
Save ₹22,462Payment split (current plan)
Balance over time
| Month | Payment | Interest | Balance |
|---|---|---|---|
| 1 | ₹5,000 | ₹3,000 | ₹98,000 |
| 2 | ₹5,000 | ₹2,940 | ₹95,940 |
| 3 | ₹5,000 | ₹2,878 | ₹93,818 |
| 4 | ₹5,000 | ₹2,815 | ₹91,633 |
| 5 | ₹5,000 | ₹2,749 | ₹89,382 |
| 6 | ₹5,000 | ₹2,681 | ₹87,063 |
| 7 | ₹5,000 | ₹2,612 | ₹84,675 |
| 8 | ₹5,000 | ₹2,540 | ₹82,215 |
| 9 | ₹5,000 | ₹2,466 | ₹79,682 |
| 10 | ₹5,000 | ₹2,390 | ₹77,072 |
| 11 | ₹5,000 | ₹2,312 | ₹74,384 |
| 12 | ₹5,000 | ₹2,232 | ₹71,616 |
| 13 | ₹5,000 | ₹2,148 | ₹68,764 |
| 14 | ₹5,000 | ₹2,063 | ₹65,827 |
| 15 | ₹5,000 | ₹1,975 | ₹62,802 |
| 16 | ₹5,000 | ₹1,884 | ₹59,686 |
| 17 | ₹5,000 | ₹1,791 | ₹56,477 |
| 18 | ₹5,000 | ₹1,694 | ₹53,171 |
| 19 | ₹5,000 | ₹1,595 | ₹49,766 |
| 20 | ₹5,000 | ₹1,493 | ₹46,259 |
| 21 | ₹5,000 | ₹1,388 | ₹42,647 |
| 22 | ₹5,000 | ₹1,279 | ₹38,926 |
| 23 | ₹5,000 | ₹1,168 | ₹35,094 |
| 24 | ₹5,000 | ₹1,053 | ₹31,147 |
| 25 | ₹5,000 | ₹934 | ₹27,081 |
| 26 | ₹5,000 | ₹812 | ₹22,894 |
| 27 | ₹5,000 | ₹687 | ₹18,581 |
| 28 | ₹5,000 | ₹557 | ₹14,138 |
| 29 | ₹5,000 | ₹424 | ₹9,562 |
| 30 | ₹5,000 | ₹287 | ₹4,849 |
| 31 | ₹4,995 | ₹145 | ₹0 |
FAQ
Why is credit-card debt so expensive?
Credit cards typically charge 30–48% APR. Interest compounds monthly on the unpaid balance, so paying only the minimum can take decades to clear and cost more than the original spending.
What is the 'minimum to break even'?
It's the monthly payment that just covers the interest charge — you'd never make progress paying only this amount. Anything below it means your balance grows.
Should I pay extra?
Yes — every extra rupee goes to principal and saves multiplicative interest. The 'extra payment' card on this page shows exactly how much faster and cheaper it gets.
Is this for one card or many?
One card. For multiple cards, list them in priority order (highest APR first) and pay extra to that one — that's the avalanche method.