Debt Payoff Calculator

See how quickly you can become debt-free and compare the snowball method against the avalanche method for any set of loans.

Your debts

Add every loan and card you want to pay off.

Debt 1

Balance

₹

Interest rate

Minimum payment

₹

Debt 2

Balance

₹

Interest rate

Minimum payment

₹

Debt 3

Balance

₹

Interest rate

Minimum payment

₹

Extra monthly payment

₹

Paid on top of minimums and focused on one debt at a time.

Fastest strategy · Avalanche method

2 yr 6 mo

Total debt

₹9,50,000.00

Total interest · Avalanche method

₹2,13,065.50

Interest saved vs. minimums

₹3,70,145.72

Debt-free date

Mar 2029

Monthly payment

₹40,000.00

Method comparison

Snowball pays off the smallest balances first; avalanche targets the highest interest rate.

Method	Debt-free in	Total interest	vs. minimums
Minimum payments	5 yr 11 mo	₹5,83,211.22	—
Snowball	2 yr 7 mo	₹2,20,521.70	₹3,62,689.52
Avalanche	2 yr 6 mo	₹2,13,065.50	₹3,70,145.72

Payoff order · Avalanche method

#	Debt	Cleared in	Date
1	Credit card	9 mo	Jun 2027
2	Car loan	2 yr 2 mo	Nov 2028
3	Personal loan	2 yr 6 mo	Mar 2029