Plan your debt repayment using the snowball method - paying off debts from smallest to largest.
The debt snowball method is a debt reduction strategy where you pay off debts in order of smallest to largest, gaining momentum as you knock out each balance.
Enter your monthly payment available and list your debts. The calculator will show you the repayment schedule and other details.
Make monthly payments on all debts except the smallest. Once a debt is paid off, roll that payment into the next smallest debt.
Repeat this process until all debts are paid off.
Let's say you have the following debts:
With a monthly payment of ₹5,000, the repayment schedule would be:
After 12 months, all debts would be paid off.
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| Month | Payment | Principal | Interest | Remaining |
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The Debt Snowball Method is a debt reduction strategy where you pay off debts in order of smallest to largest, gaining momentum as you knock out each balance.
Follow these steps:
The time to Debt Free is the number of months it takes to pay off all debts.
The total Interest Paid is the total amount of interest paid on all debts.
The Money Saved is the total amount of money saved by paying off all debts.
The Total Debt is the total amount of all debts.
The Payment Schedule shows the monthly payments and remaining balances for each debt.
Yes, you can use this calculator with multiple debts. Simply list them in the order of smallest to largest.
No, the calculator assumes that all debts have a positive balance.
No, the calculator assumes that all debts have a positive balance.
No, the calculator assumes that all payments are positive.
No, the calculator assumes that all payments are positive.
No, the calculator assumes that all interest rates are positive.
No, the calculator assumes that all interest rates are positive.