Source: https://awesomecalcs.com/debt-payoff-calculator/credit-card-personal-loan-snowball-avalanche
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

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# Snowball vs Avalanche for Credit Card + Personal Loan

> See the snowball and avalanche payoff plans side by side for a Rs 1.5 lakh credit card and a Rs 3 lakh personal loan, with Rs 10,000 extra a month.

Interactive calculator: https://awesomecalcs.com/debt-payoff-calculator/credit-card-personal-loan-snowball-avalanche

Keywords: debt snowball vs avalanche example, credit card personal loan payoff plan

## Scenario inputs

```json
{
  "inputs": {
    "debts": [
      {
        "name": "Credit card",
        "balance": 150000,
        "annualRatePercent": 36,
        "minimumPayment": 5000
      },
      {
        "name": "Personal loan",
        "balance": 300000,
        "annualRatePercent": 14,
        "minimumPayment": 8000
      }
    ],
    "extraMonthlyPayment": 10000
  }
}
```

## Frequently asked questions

### Why does avalanche win by so much here?

The credit card carries a much higher 36% rate than the personal loan's 14%, so avalanche clears the expensive card first and saves a large amount of interest compared to snowball paying off debts by balance alone.