Plan how to pay off several debts and compare avalanche with snowball.
With three debts and ₹5,000 extra a month, the avalanche method makes you debt-free in 2 years 2 months. Total interest ₹89,685.24 · minimum payments only: 3 years 3 months and ₹1,62,122.15 interest.
The two best-known ways to clear several debts are the avalanche (pay the highest interest rate first) and the snowball (pay the smallest balance first). Enter each debt's balance, APR and minimum payment, add an extra amount per month, choose a method and see your debt-free time, total interest, payoff order and savings versus minimum payments only.
Avalanche saves the most interest; snowball gives quicker wins that help many people stay motivated. Either works if you keep paying the same total each month as debts close. See also the Credit Card Payoff Calculator and Debt Consolidation Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Value |
|---|---|
| Total debt | ₹4,20,000.00 |
| Monthly budget | ₹20,000.00 |
| Debt-free in | 2 years 2 months |
| Total interest | ₹89,685.24 |
| Interest saved vs minimums only | ₹72,436.92 |
| Time saved vs minimums only | 1 year 1 month |
| Debt | Paid off in |
|---|---|
| Card A | 11 months |
| Card B | 1 year 2 months |
| Personal loan | 2 years 2 months |
| Case | Debt-free in |
|---|---|
| No extra payment | 3 years 3 months |
| Extra ₹2,500 | 2 years 7 months |
| Extra ₹5,000 | 2 years 2 months |
| Extra ₹10,000 | 1 year 8 months |
| Snowball, extra ₹5,000 | 2 years 2 months |
Paying minimums on all debts and putting every extra rupee on the debt with the highest interest rate first. It minimises total interest.
Paying off the smallest balance first for quick wins, then rolling its payment onto the next smallest.
Avalanche costs less in interest; snowball can be easier to stick with. The calculator shows the numbers for both.
It rolls onto the next target debt, so your total monthly payment stays the same.
As much as your budget allows after essentials and an emergency fund. Even small amounts cut months off the plan.
If you can get a lower rate, consolidation may help. Compare with the Debt Consolidation Calculator.
It uses the standard formula: monthly budget = Σ minimums + extra (stays constant as debts clear) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
