Credit Card Interest Rate Calculator
Complete the fields below to find out how long it will take you to pay off your credit card balance if you only pay the minimum amount, i.e. 5% of your current balance or a minimum of RM50 by the payment due date.
Step 1
Enter your current Statement Balance :

Step 2
Enter your fix monthly repayment :
Minimum Payment (System Calculated) :
(minimum RM50 or 5% of your current balance, whichever is higher)

Step 3
Select your interest rate tier :

Assumption:
  1. Calculation on outstanding balance is based on retail transactions only.
  2. There are no new retail transactions after the first month.
  3. The 20 days interest-free period is not applicable given the illustration is based on revolving balance.
  4. Due date for payment is 20 days after statement date.
  5. Calculation is based on 30-days in a month.
  6. The calculation function as an illustration only.
  7. Payment made on due date.