Source: https://awesomecalcs.com/debt-payoff-calculator/three-debts-gold-loan-included
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 Three Debts Including a Gold Loan

> See the payoff plans for a credit card, personal loan, and gold loan together, with Rs 15,000 extra a month.

Interactive calculator: https://awesomecalcs.com/debt-payoff-calculator/three-debts-gold-loan-included

Keywords: multiple debts payoff calculator example, gold loan personal loan credit card payoff

## Scenario inputs

```json
{
  "inputs": {
    "debts": [
      {
        "name": "Credit card",
        "balance": 100000,
        "annualRatePercent": 40,
        "minimumPayment": 4000
      },
      {
        "name": "Personal loan",
        "balance": 250000,
        "annualRatePercent": 15,
        "minimumPayment": 7000
      },
      {
        "name": "Gold loan",
        "balance": 80000,
        "annualRatePercent": 9,
        "minimumPayment": 3000
      }
    ],
    "extraMonthlyPayment": 15000
  }
}
```

## Frequently asked questions

### Which debt does snowball tackle first here?

Snowball targets the gold loan first since it has the smallest starting balance, even though it carries the lowest interest rate of the three, which is the tradeoff snowball makes for early psychological wins.