Debt Payoff Calculator: Snowball vs Avalanche
Got more than one loan or credit card? This calculator compares two ways to pay them off faster. Snowball pays off your smallest balance first, giving you a quick win to stay motivated. Avalanche pays off your highest interest rate first, which usually costs you less overall. Enter your debts and any extra amount you can pay each month, and see exactly how many months each method takes and how much interest each one costs, side by side.
Months to debt-free
25
Total interest paid
₹1.17 Lakh
₹1,16,851
Payoff order
1. Gold loan (month 7)
2. Credit card (month 16)
3. Personal loan (month 25)
Months to debt-free
24
Total interest paid
₹97,
Payoff order
1. Credit card (month 13)
2. Personal loan (month 24)
3. Gold loan (month 24)
Frequently asked questions
EMI Calculator
Work out your monthly loan instalment and total interest payable.
Home Loan EMI Calculator
Plan your home loan EMIs and see the full repayment schedule.
Education Loan Calculator
Estimate EMIs for an education loan, including any moratorium period.
Car Loan EMI Calculator
Work out your monthly car loan instalment and total interest payable.
Avalanche (highest interest rate first) minimizes total interest paid. Snowball (smallest balance first) can build momentum by clearing debts faster, which some people find easier to stick with. Both assume interest accrues monthly and payments are made on time every month; missed payments, promotional rates, or fees are not modelled.