Free Calculator

Credit Card Payoff Calculator

See exactly how the minimum payment trap works — and how much you save by paying even a little more each month.

Card Details

₹1.00 L
10002000000
36% p.a. (3.0%/mo)
1248
5% (₹5,000/mo)
215

Extra Payment Strategy

₹5,000
0100000
Boosted payment₹10,000/mo
vs min. ₹5,000/mo+₹5,000 extra

The Minimum Payment Trap

At 36% p.a., paying only minimums on ₹1L takes over 5 years and costs more than ₹1.2L in interest alone — more than the original debt.

Min. Payment

₹5,000

per month

Min. Payoff Time

31 months

~2.6 years

Interest Saved

₹34,320

18 months faster

Total Interest (min)

₹54,995

StrategyMonthly PaymentMonths to PayoffTotal InterestTotal Paid
Minimum Only₹5,00031 mo₹54,995₹1.55 L
Minimum + ₹5,000 Extra₹10,00013 mo₹20,675₹1.21 L
BestAggressive (10% of balance)₹10,00013 mo₹20,675₹1.21 L

Clear debt faster, together

Coupl helps couples track shared spending, set debt payoff goals, and manage money transparently — matching cards, zero balance.