Credit Card Minimum Payment Calculator
Calculate the minimum payment due on your credit card, based on your issuer's minimum percentage and floor amount.
- Free to use
- No registration required
- Works on all devices
- Last updated
- 13-09-2026
Your result
₹2,500
Minimum payment due
AI explanation
Formula
Minimum payment = greater of (balance × minimum%, floor amount), capped at the outstanding balanceWorked example
₹50,000 balance, 5% minimum, ₹200 floor
| Field | Value |
|---|---|
| Outstanding balance | ₹50,000 |
| Minimum payment percentage | 5 |
| Minimum payment floor | ₹200 |
| Minimum payment due | ₹2,500 |
Assumptions
- Most Indian card issuers set minimum due around 5% of the outstanding balance, subject to a small fixed floor — check your specific card's terms for exact figures.
Frequently asked questions
Is paying only the minimum due a good idea?
Generally no — the remaining balance continues accruing interest, often at 30-50% annualized, so paying only the minimum can result in years of debt and substantial interest paid overall. See the Credit Card Payoff Calculator to see how long that would actually take.
How is the minimum payment calculated?
Typically the greater of a percentage of your outstanding balance (commonly around 5%) or a small fixed floor amount, whichever is higher — this ensures even small balances have a meaningful minimum payment.
Does minimum payment ever equal the full balance?
Yes — for very small balances, the calculated minimum (percentage or floor) can exceed the balance itself, in which case the full balance becomes the minimum payment.
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Sources
- Master Circular on customer service and fair practices code — Reserve Bank of India. Effective 01-07-2015, checked 13-09-2026.
This calculator provides a general estimate only and does not constitute financial advice. Check your specific card's minimum payment terms.
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