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Debt Payoff Calculator

Plan paying off multiple debts with the snowball or avalanche method.

How this is calculated
Pays the minimum on every debt, then directs all extra budget (plus freed-up minimums) at one target debt at a time, ordered by strategy

Assumptions used in this calculation

  • Debt slots: Supports up to 3 debts at once. For more, group smaller debts together or run the calculation in stages.

About this calculator

The debt payoff calculator simulates paying off up to three debts at once using a shared extra monthly budget, following either the snowball method (smallest balance first, for motivation) or the avalanche method (highest interest rate first, for minimum total interest).

Worked example

Two debts (₹50,000 at 24%, ₹1,00,000 at 18%), ₹5,000 extra/month, snowball

Result: Debt-free in 21 months; ₹24,612 total interest

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