Each month you need to make at least the minimum repayment towards your transferred balance, which is the greater of $5 or 2% of your closing balance. If you make only the minimum payment each month, you will pay more interest and it will take you longer to pay off the unpaid balance. Use the repayments calculator to work out a payment plan and see what's manageable for you each month - and how quickly this will help you get your debt under control.