Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card debt
Credit Card Details
Payment Strategy
Payoff Summary
Time to Pay Off
1y 1m
13 total months
Total Interest Paid
₹20,675
Total Amount Paid
₹1,20,675
Monthly Payment
₹10,000
Savings vs Minimum Payment
Time Saved
7y 8m
Interest Saved
₹1,01,897
Extra Payment
₹5,000/mo
Interest Breakdown
Original Balance₹1,00,000
Total Interest₹20,675
Total Paid₹1,20,675
Interest as % of Balance
20.7%
Smart Tips
- • Pay more than the minimum whenever possible
- • Stop using the card while paying it off
- • Consider balance transfer to lower rate
- • Set up automatic payments to avoid late fees
Warning
Credit card interest compounds daily. The longer you carry a balance, the more you pay in interest. Prioritize paying off high-interest credit cards first.