First minimum due
First-month interest
Payoff months at first minimum due
Total paid at first minimum due
Interest at first minimum due
Payoff months at fixed payment
Total paid at fixed payment
Interest at fixed payment
Interest saved with fixed payment
Compare outputs within each unit group. Bars show magnitude; exact values include any negative sign. Each group uses its own scale.
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Educational estimate only
Estimate payoff months and interest when repaying a credit-card balance with the first minimum due or a fixed monthly payment.
Educational estimate only
Results can vary based on company policy, lender terms, tax law, and personal assumptions.
Uses a reducing-balance amortisation approximation. The minimum-due scenario holds the first statement's minimum due constant; actual percentage-based minimums usually fall as the balance falls and can take longer.
On a Rs 2 lakh balance at 42% APR, paying Rs 15,000 monthly clears debt much sooner than holding payment at the first minimum due of Rs 10,000.
Card issuers calculate minimum due using their own rules, and the rupee amount often changes with balance, fees, taxes and new transactions.
The balance will not amortise under this model. Increase the payment above monthly interest and avoid new card spending while repaying.
