Credit Card Revolving Interest Calculator
Compare monthly vs. daily-basis interest on a carried-forward balance.
These calculators are provided for general informational and educational purposes only and do not constitute financial, tax, or legal advice. Results are estimates only. Please consult a qualified financial professional before making any financial decisions.
How Revolving Interest is Calculated
Once you carry forward a balance, most Indian issuers charge interest daily on that balance and sum it over the billing cycle - this daily-basis figure is closer to your actual bill than a simple one-month approximation.
Frequently Asked Questions
What's the difference between monthly and daily revolving interest?
Daily-basis billing charges interest on the balance each day and sums it over the cycle, which is closer to how most issuers actually calculate it - the monthly figure is a simpler approximation that can slightly understate the true cost.