Credit Card Interest

Calculate exact credit card interest charges in India. See daily, monthly, and annual interest on your outstanding balance. Compare real cost of revolving credit.

Credit Card Interest Calculator

Calculate exact interest on your credit card outstanding balance

Outstanding balance Rs 50,000
Rs
Annual interest rate (APR) 42%
%
Days outstanding 30 days
days
Interest charged
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for the period
Monthly interest
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per month
Daily interest
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per day
Outstanding balance---
Monthly rate---
Daily rate---
Interest for period---
Total amount due---

Interest is calculated from transaction date when full payment is missed. Actual charges may include GST on interest.

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ThriftRupee Insight

Credit card interest in India is 36-48% per annum -- the most expensive debt available. If you carry Rs 50,000 balance at 42% APR and pay only the minimum, you will pay Rs 21,000 in interest and take 4+ years to clear it. Never revolve a credit card balance. If you must, transfer to a 0% EMI or personal loan at 12-18% -- you save 60-70% on interest costs immediately.

Credit Card Interest Calculator India 2026

Calculate the exact interest charges on your credit card outstanding balance. India credit card APRs range from 36-48%. See daily, monthly, and total interest cost.

Frequently asked questions

How is credit card interest calculated in India?▼
Credit card interest = Outstanding balance x Daily rate x Number of days. Daily rate = APR / 365. Example: Rs 50,000 at 42% APR for 30 days = 50,000 x (42/365/100) x 30 = Rs 1,726. Interest applies from the transaction date (not statement date) once you miss the full payment. There is no grace period on new purchases once you have an outstanding balance.
What is the typical credit card interest rate in India?▼
Most Indian credit cards charge 2.5-4% per month, which is 30-48% per annum. SBI Card: 3.5%/month (42% p.a.). HDFC: 3.49%/month (41.88% p.a.). Axis: 3.6%/month (43.2% p.a.). Some cards offer lower rates for good credit scores. Always check the Annualised Percentage Rate (APR) disclosed in the MITC document.
How can I avoid credit card interest?▼
Pay the full statement balance by the due date every month. This gives you 20-50 days of interest-free credit. Never pay just the minimum -- you will revolve debt at 36-48% APR. Set auto-pay for the full statement amount. If you cannot pay in full, convert to 0% EMI immediately (available on most cards for large purchases) to lock in a lower effective rate.

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