Loans & debt
Debt Payoff Calculator
Compare the avalanche and snowball orders across several debts.
Your figures
Debt-free in
1.8 yrs
- Total interest paid
- ₹82,749
- Total owed today
- ₹5,50,000
- Interest saved vs minimums only
- ₹1,09,257
- Difference vs snowball
- ₹0
- Avalanche saves 0 in interest here; whether that outweighs the momentum of clearing an account sooner is a personal judgement.
Repayment order
| Debt | Cleared in (months) | Interest paid |
|---|---|---|
| Credit card | 8 | ₹19,938 |
| Personal loan | 22 | ₹62,811 |
How this is calculated
Each month: every debt accrues interest and receives its minimum; any surplus is directed entirely at the focus debt, and rolls onto the next as each one clears.
With more than one debt, the order of repayment changes the total cost. Avalanche (highest rate first) is arithmetically cheapest; snowball (smallest balance first) clears accounts sooner and is easier to sustain. This shows both.
Assumptions used
Any figure you enter overrides the assumption above for your calculation.
Educational calculation, not personal advice
This calculator is provided for education and illustration. It applies the assumptions shown to the figures you entered; it does not take account of your circumstances, goals, tax position or risk tolerance, and it is not a personal recommendation. Projections are not forecasts, and no return is guaranteed. Investment values can fall as well as rise. Speak to a qualified adviser before acting on anything here.
Want this checked against your actual position?
A calculator works with the numbers you give it. A planner works with the ones you have — including the tax, protection and liquidity questions this tool does not ask.
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