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AfriTaxCalc

2 years

Workings

Credit card repayment calculator

See how long it takes to clear a credit card balance and what it costs in interest, paying a fixed amount or only the minimum.

Legal maximum 16.4% (1.6 × prime)Prime 10.25% since 17 June 2026 · 23 October 2026

Time to clear, paying a fixed amount

2 years

Paying N$1,000.00 a month clears N$20,000.00 in 2 years, with N$3,417.99 of interest. Paying only the minimum would take 8 years and 7 months and cost N$6,956.43 of interest.

Interest paid
N$3,417.99
Total paid
N$23,417.99
First payment
N$1,000.00

Within the legal maximum of 16.4% a year (1.6 × the prime 10.25% since 17 June 2026). Fees count as finance charges too.

Your card

On your statement.

A fixed amount. 0 to see the minimum only.

Assumes you don’t spend more on the card. Nothing leaves your browser.

What people ask next

Workings

Balance todayN$20,000.00
Interest in the first monthN$20,000.00 × 16% ÷ 12N$266.67
First paymentyour fixed paymentN$1,000.00
Months to clear24
Interest paideach month's interest rounded to the centN$3,417.99
Total paidN$23,417.99

Uses the Usury Act's maximum of 1.6 × the prime rate, FNB Namibia's published 5% minimum payment, and the prime rate of 10.25% since 17 June 2026. Checked 23 October 2026; see the numbered sources. Estimates for guidance only, not tax or financial advice. We don't offer credit or arrange loans.

How it’s worked out

Each month, interest at the yearly rate divided by 12 is added to the balance, with any account fee, and then your payment is taken off. The calculator repeats this until the balance is clear, assuming you don’t spend more on the card.

Minimum payments

FNB Namibia publishes a minimum payment of 5% of the full balance. Because it’s a share of the balance, it shrinks as the balance shrinks, which is why paying only the minimum takes years. The N$50 floor is only an example: check your card’s terms. A fixed payment clears the card much sooner.

The legal maximum

Card interest comes under the Usury Act: at most 1.6 times the prime rate a year, 16.4% today. Fees count as finance charges too.

We don’t offer credit or recommend lenders. If you’re struggling with repayments, talk to your bank early.