मुफ्त न्यूनतम भुगतान जाल कैलकुलेटर
न्यूनतम भुगतान करने पर ऋण चुकाने में कितना समय लगेगा, जानें। कुल ब्याज लागत देखें।
Months (Minimum Only)
137 months
Months (Minimum Only) vs Annual Percentage Rate
सूत्र
The Minimum Payment Trap
Credit card minimum payments are designed to maximize the interest the lender collects. They typically equal 1-3% of the balance or a flat floor (like $25), whichever is greater.
Why Minimums Are Dangerous
At 22% APR with 2% minimums:
The Fix
Doubling your minimum payment can cut payoff time by more than half.
हल किया गया उदाहरण
$5,000 balance at 22% APR, 2% minimum payment ($25 floor).
- 01First minimum = max($5,000 x 2%, $25) = $100
- 02Monthly interest = $5,000 x 22%/12 = $92
- 03Only $8 goes to principal in month 1!
- 04At minimums only: ~199 months (16.6 years)
- 05Total interest: ~$14,900 (nearly 3x the balance)
- 06Doubling to $200: ~31 months, saving thousands
अक्सर पूछे जाने वाले प्रश्न
How is the minimum payment calculated?
Most issuers set the minimum at the greater of a percentage of the balance (typically 1-3%) or a flat floor ($25-$35). Some add current interest and fees to the minimum.
Why does so little go to principal?
With a 22% APR, monthly interest is about 1.83% of the balance. A 2% minimum payment means only 0.17% (about $8 on $5,000) goes to principal. The rest is pure interest.
What is the fastest way out of the trap?
Pay a fixed amount well above the minimum, or use the debt avalanche method. Even small increases above the minimum make a huge difference. $50 extra per month can save years and thousands of dollars.
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