Debt payoff planner
Assumptions
Each month every loan accrues interest at its rate divided by twelve, minimum payments are made, and the remaining budget goes to the priority loan. When a loan closes its minimum payment joins the surplus. Both orders are simulated from the same starting point so their months and interest can be compared. Loans with a zero balance are ignored. Prepayment charges are not modelled; add them to a balance if a fixed-rate lender levies one.
RBI · Pre-payment Charges on Loans Directions, 2025
Estimates are not personalised financial advice. Review assumptions before use.
Months to debt-free
Based on your inputs. Not guaranteed.
Total interest with this order₹11.25 lakh
Months with the other order92 months
Interest with the other order₹11.25 lakh
When each loan closes
Order follows your chosen strategy; the other order's months and interest are in the details.- Loan 192 monthMonth 92
- Loan 228 monthMonth 28
- Loan 39 monthMonth 9
Order follows your chosen strategy; the other order's months and interest are in the details.
View detailed breakdown
Each payment is split between interest and reducing the loan balance.
Avalanche or snowball?
Highest rate first minimises interest; smallest balance first closes a loan sooner. The details show both.
Detailed results
| Result | Value |
|---|---|
| Months to debt-free | 92 months |
| Total interest with this order | ₹11.25 lakh |
| Months with the other order | 92 months |
| Interest with the other order | ₹11.25 lakh |
| Interest saved versus minimum payments only | ₹11.26 lakh |
| Months saved versus minimum payments only | 98 months |
| Loan 1 cleared in month | 92 month |
| Loan 2 cleared in month | 28 month |
| Loan 3 cleared in month | 9 month |
Highest rate first. The surplus after minimum payments is ₹7,500 a month and rolls forward as loans close.
Schedule
| Month | Opening balance | Payment | Interest | Principal repaid | Closing balance |
|---|---|---|---|---|---|
| 1 | ₹29.9 lakh | ₹45,000 | ₹24,858 | ₹20,142 | ₹29.7 lakh |
| 2 | ₹29.7 lakh | ₹45,000 | ₹24,454 | ₹20,546 | ₹29.49 lakh |
| 3 | ₹29.49 lakh | ₹45,000 | ₹24,038 | ₹20,962 | ₹29.28 lakh |
| 4 | ₹29.28 lakh | ₹45,000 | ₹23,610 | ₹21,390 | ₹29.07 lakh |
| 5 | ₹29.07 lakh | ₹45,000 | ₹23,170 | ₹21,830 | ₹28.85 lakh |
| 6 | ₹28.85 lakh | ₹45,000 | ₹22,716 | ₹22,284 | ₹28.63 lakh |
| 7 | ₹28.63 lakh | ₹45,000 | ₹22,250 | ₹22,750 | ₹28.4 lakh |
| 8 | ₹28.4 lakh | ₹45,000 | ₹21,769 | ₹23,231 | ₹28.17 lakh |
| 9 | ₹28.17 lakh | ₹45,000 | ₹21,275 | ₹23,725 | ₹27.93 lakh |
| 10 | ₹27.93 lakh | ₹45,000 | ₹20,810 | ₹24,190 | ₹27.69 lakh |
| 11 | ₹27.69 lakh | ₹45,000 | ₹20,587 | ₹24,413 | ₹27.45 lakh |
| 12 | ₹27.45 lakh | ₹45,000 | ₹20,363 | ₹24,637 | ₹27.2 lakh |
| 13 | ₹27.2 lakh | ₹45,000 | ₹20,136 | ₹24,864 | ₹26.95 lakh |
| 14 | ₹26.95 lakh | ₹45,000 | ₹19,908 | ₹25,092 | ₹26.7 lakh |
| 15 | ₹26.7 lakh | ₹45,000 | ₹19,677 | ₹25,323 | ₹26.45 lakh |
| 16 | ₹26.45 lakh | ₹45,000 | ₹19,444 | ₹25,556 | ₹26.19 lakh |
| 17 | ₹26.19 lakh | ₹45,000 | ₹19,209 | ₹25,791 | ₹25.93 lakh |
| 18 | ₹25.93 lakh | ₹45,000 | ₹18,971 | ₹26,029 | ₹25.67 lakh |
| 19 | ₹25.67 lakh | ₹45,000 | ₹18,732 | ₹26,268 | ₹25.41 lakh |
| 20 | ₹25.41 lakh | ₹45,000 | ₹18,490 | ₹26,510 | ₹25.14 lakh |
| 21 | ₹25.14 lakh | ₹45,000 | ₹18,246 | ₹26,754 | ₹24.88 lakh |
| 22 | ₹24.88 lakh | ₹45,000 | ₹17,999 | ₹27,001 | ₹24.61 lakh |
| 23 | ₹24.61 lakh | ₹45,000 | ₹17,751 | ₹27,249 | ₹24.33 lakh |
| 24 | ₹24.33 lakh | ₹45,000 | ₹17,500 | ₹27,500 | ₹24.06 lakh |
| 25 | ₹24.06 lakh | ₹45,000 | ₹17,246 | ₹27,754 | ₹23.78 lakh |
| 26 | ₹23.78 lakh | ₹45,000 | ₹16,990 | ₹28,010 | ₹23.5 lakh |
| 27 | ₹23.5 lakh | ₹45,000 | ₹16,732 | ₹28,268 | ₹23.22 lakh |
| 28 | ₹23.22 lakh | ₹45,000 | ₹16,472 | ₹28,528 | ₹22.93 lakh |
| 29 | ₹22.93 lakh | ₹45,000 | ₹16,245 | ₹28,755 | ₹22.65 lakh |
| 30 | ₹22.65 lakh | ₹45,000 | ₹16,041 | ₹28,959 | ₹22.36 lakh |
| 31 | ₹22.36 lakh | ₹45,000 | ₹15,836 | ₹29,164 | ₹22.07 lakh |
| 32 | ₹22.07 lakh | ₹45,000 | ₹15,630 | ₹29,370 | ₹21.77 lakh |
| 33 | ₹21.77 lakh | ₹45,000 | ₹15,422 | ₹29,578 | ₹21.48 lakh |
| 34 | ₹21.48 lakh | ₹45,000 | ₹15,212 | ₹29,788 | ₹21.18 lakh |
| 35 | ₹21.18 lakh | ₹45,000 | ₹15,001 | ₹29,999 | ₹20.88 lakh |
| 36 | ₹20.88 lakh | ₹45,000 | ₹14,789 | ₹30,211 | ₹20.58 lakh |
| 37 | ₹20.58 lakh | ₹45,000 | ₹14,575 | ₹30,425 | ₹20.27 lakh |
| 38 | ₹20.27 lakh | ₹45,000 | ₹14,359 | ₹30,641 | ₹19.97 lakh |
| 39 | ₹19.97 lakh | ₹45,000 | ₹14,142 | ₹30,858 | ₹19.66 lakh |
| 40 | ₹19.66 lakh | ₹45,000 | ₹13,923 | ₹31,077 | ₹19.35 lakh |
| 41 | ₹19.35 lakh | ₹45,000 | ₹13,703 | ₹31,297 | ₹19.03 lakh |
| 42 | ₹19.03 lakh | ₹45,000 | ₹13,482 | ₹31,518 | ₹18.72 lakh |
| 43 | ₹18.72 lakh | ₹45,000 | ₹13,258 | ₹31,742 | ₹18.4 lakh |
| 44 | ₹18.4 lakh | ₹45,000 | ₹13,033 | ₹31,967 | ₹18.08 lakh |
| 45 | ₹18.08 lakh | ₹45,000 | ₹12,807 | ₹32,193 | ₹17.76 lakh |
| 46 | ₹17.76 lakh | ₹45,000 | ₹12,579 | ₹32,421 | ₹17.43 lakh |
| 47 | ₹17.43 lakh | ₹45,000 | ₹12,349 | ₹32,651 | ₹17.11 lakh |
| 48 | ₹17.11 lakh | ₹45,000 | ₹12,118 | ₹32,882 | ₹16.78 lakh |
| 49 | ₹16.78 lakh | ₹45,000 | ₹11,885 | ₹33,115 | ₹16.45 lakh |
| 50 | ₹16.45 lakh | ₹45,000 | ₹11,651 | ₹33,349 | ₹16.11 lakh |
| 51 | ₹16.11 lakh | ₹45,000 | ₹11,414 | ₹33,586 | ₹15.78 lakh |
| 52 | ₹15.78 lakh | ₹45,000 | ₹11,176 | ₹33,824 | ₹15.44 lakh |
| 53 | ₹15.44 lakh | ₹45,000 | ₹10,937 | ₹34,063 | ₹15.1 lakh |
| 54 | ₹15.1 lakh | ₹45,000 | ₹10,696 | ₹34,304 | ₹14.76 lakh |
| 55 | ₹14.76 lakh | ₹45,000 | ₹10,453 | ₹34,547 | ₹14.41 lakh |
| 56 | ₹14.41 lakh | ₹45,000 | ₹10,208 | ₹34,792 | ₹14.06 lakh |
| 57 | ₹14.06 lakh | ₹45,000 | ₹9,961 | ₹35,039 | ₹13.71 lakh |
| 58 | ₹13.71 lakh | ₹45,000 | ₹9,713 | ₹35,287 | ₹13.36 lakh |
| 59 | ₹13.36 lakh | ₹45,000 | ₹9,463 | ₹35,537 | ₹13 lakh |
| 60 | ₹13 lakh | ₹45,000 | ₹9,212 | ₹35,788 | ₹12.65 lakh |
| 61 | ₹12.65 lakh | ₹45,000 | ₹8,958 | ₹36,042 | ₹12.29 lakh |
| 62 | ₹12.29 lakh | ₹45,000 | ₹8,703 | ₹36,297 | ₹11.92 lakh |
| 63 | ₹11.92 lakh | ₹45,000 | ₹8,446 | ₹36,554 | ₹11.56 lakh |
| 64 | ₹11.56 lakh | ₹45,000 | ₹8,187 | ₹36,813 | ₹11.19 lakh |
| 65 | ₹11.19 lakh | ₹45,000 | ₹7,926 | ₹37,074 | ₹10.82 lakh |
| 66 | ₹10.82 lakh | ₹45,000 | ₹7,663 | ₹37,337 | ₹10.45 lakh |
| 67 | ₹10.45 lakh | ₹45,000 | ₹7,399 | ₹37,601 | ₹10.07 lakh |
| 68 | ₹10.07 lakh | ₹45,000 | ₹7,133 | ₹37,867 | ₹9.69 lakh |
| 69 | ₹9.69 lakh | ₹45,000 | ₹6,864 | ₹38,136 | ₹9.31 lakh |
| 70 | ₹9.31 lakh | ₹45,000 | ₹6,594 | ₹38,406 | ₹8.93 lakh |
| 71 | ₹8.93 lakh | ₹45,000 | ₹6,322 | ₹38,678 | ₹8.54 lakh |
| 72 | ₹8.54 lakh | ₹45,000 | ₹6,048 | ₹38,952 | ₹8.15 lakh |
| 73 | ₹8.15 lakh | ₹45,000 | ₹5,772 | ₹39,228 | ₹7.76 lakh |
| 74 | ₹7.76 lakh | ₹45,000 | ₹5,494 | ₹39,506 | ₹7.36 lakh |
| 75 | ₹7.36 lakh | ₹45,000 | ₹5,215 | ₹39,785 | ₹6.96 lakh |
| 76 | ₹6.96 lakh | ₹45,000 | ₹4,933 | ₹40,067 | ₹6.56 lakh |
| 77 | ₹6.56 lakh | ₹45,000 | ₹4,649 | ₹40,351 | ₹6.16 lakh |
| 78 | ₹6.16 lakh | ₹45,000 | ₹4,363 | ₹40,637 | ₹5.75 lakh |
| 79 | ₹5.75 lakh | ₹45,000 | ₹4,075 | ₹40,925 | ₹5.34 lakh |
| 80 | ₹5.34 lakh | ₹45,000 | ₹3,785 | ₹41,215 | ₹4.93 lakh |
| 81 | ₹4.93 lakh | ₹45,000 | ₹3,494 | ₹41,506 | ₹4.52 lakh |
| 82 | ₹4.52 lakh | ₹45,000 | ₹3,200 | ₹41,800 | ₹4.1 lakh |
| 83 | ₹4.1 lakh | ₹45,000 | ₹2,903 | ₹42,097 | ₹3.68 lakh |
| 84 | ₹3.68 lakh | ₹45,000 | ₹2,605 | ₹42,395 | ₹3.25 lakh |
| 85 | ₹3.25 lakh | ₹45,000 | ₹2,305 | ₹42,695 | ₹2.83 lakh |
| 86 | ₹2.83 lakh | ₹45,000 | ₹2,003 | ₹42,997 | ₹2.4 lakh |
| 87 | ₹2.4 lakh | ₹45,000 | ₹1,698 | ₹43,302 | ₹1.96 lakh |
| 88 | ₹1.96 lakh | ₹45,000 | ₹1,391 | ₹43,609 | ₹1.53 lakh |
| 89 | ₹1.53 lakh | ₹45,000 | ₹1,082 | ₹43,918 | ₹1.09 lakh |
| 90 | ₹1.09 lakh | ₹45,000 | ₹771 | ₹44,229 | ₹64,658 |
| 91 | ₹64,658 | ₹45,000 | ₹458 | ₹44,542 | ₹20,116 |
| 92 | ₹20,116 | ₹20,259 | ₹142 | ₹20,116 | ₹0 |
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