📢 Monthly Interest Rates: Updated as per Nepali Month (B.S.) →

Credit Card True Cost Hub

Debt Details

Debt Analysis

Interest You'll Pay

Rs. 20,006

Time to Pay Off

36 Months

Total True Cost

Rs. 70,006

Debt Snowball Strategy

🚀 The Snowball Effect: Pay the minimum on all other debts, but put every extra Rupee toward this one until it’s zero.
📉 Stop the Leak: You are paying Rs. 20,006 just in interest. That money could have been an SIP worth much more.
🛑 Rule of Thumb: Never pay just the "Minimum Amount Due" (usually 5%). It is designed by banks to keep you in debt for decades.

💬

Ask Banking AI

GPT-4 Powered

NEW