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Debt Payoff Calculator

Any loan or debt — how long, how much interest to pay it off.

Enter values to see your result

Frequently asked questions

Is this the same as EMI?

EMI is the fixed monthly amount on a loan. This calc works either way — enter your EMI (or any fixed payment) and it shows the payoff timeline.

What's the power of extra payments?

Huge. Even $50 extra monthly on a 20% APR debt can cut total interest by 30–40% and shave years off. Every extra rupee goes entirely to principal.

Should I pay off high-interest debt first?

Financially yes (Avalanche method — highest rate first). Emotionally, paying smallest first can feel more motivating (Snowball method).

Should I invest instead of paying off?

Compare rates. Pay off if debt rate > expected (after-tax) investment return. 18% debt vs 12% SIP = pay off. 8% home loan vs 12% SIP = invest.