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Finance Calculators

Credit Card Minimum Payment Calculator

Verified formula Updated Jun 2026 Private — runs on your device

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Verified formula Private

Minimum payment due

₹5,000

Interest portion
₹3,000
Principal portion
₹2,000

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the Credit Card Minimum Payment Calculator

The Credit Card Minimum Payment Calculator works out your minimum payment due, along with 2 related figures in an instant. Enter card balance, annual interest rate (apr) and minimum payment rate and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the card balance.
  2. Enter the annual interest rate (apr).
  3. Enter the minimum payment rate.
  4. Read off your minimum payment due, together with interest portion and principal portion — the calculator updates automatically, with no button to press.

Formula

The Credit Card Minimum Payment Calculator uses the formula:

Minimum payment due = Card balance × Minimum payment rate ÷ 100

Worked example

For example, with card balance of ₹100,000, annual interest rate (apr) of 36% and minimum payment rate of 5%, the minimum payment due is ₹5,000.

Inputs used
Card balance ₹100,000
Annual interest rate (APR) 36%
Minimum payment rate 5%
Results
Minimum payment due ₹5,000
Interest portion ₹3,000
Principal portion ₹2,000

Results are estimates for educational use, not professional advice.

Key terms explained

Interest rate
The percentage charged on a loan or paid on savings, usually quoted per year (per annum).
Principal
The original sum of money borrowed or invested, before any interest is added.

Frequently asked questions

Most issuers set the minimum as a small percentage of your balance. At 5% of a 1,00,000 balance, the minimum due is 5,000.

A large part of the minimum covers interest, so the balance falls slowly and you pay interest for far longer. Paying more than the minimum saves a lot.

It is the month's interest charge, the APR divided by 12 applied to your balance. The rest of your payment reduces the principal.

Yes, whenever you can. Paying above the minimum reduces the balance faster and cuts the total interest you pay.

Enter the card balance. Enter the annual interest rate (apr). Enter the minimum payment rate. Read off your minimum payment due, together with interest portion and principal portion — the calculator updates automatically, with no button to press.

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