Debt payoff time
Map your exit from debt. See the true cost of interest and how much time and money you save by paying 20% more each month.
When will you be debt-free?
Enter your balance, rate, and monthly payment. We compare your current plan with a 20% speed-up.
In plain words
Every extra rupee reduces tenure from the back end, where interest is highest. We also show what happens if you bump your EMI by 20%.
1. Your debt
Balance and rate
2. Current plan
Debt-free in 3y 7m
Time to debt-free
3y 7m
43 months total
Total interest
₹1,45,000
Cost of borrowing
Total payment
₹6,45,000
Principal + interest
Interest share
22%
Of every rupee repaid
3. Speed-up (+20%)
Pay ₹18,000 per month
Accelerate your freedom
By increasing your monthly payment to ₹18,000, you save ₹33,000 in interest and become debt-free 9 months sooner.
New payoff time
2y 10m
34 months
Interest saved
₹33,000
Vs current plan
Months saved
9
Earlier debt-free date
New total interest
₹1,12,000
₹6,12,000 total paid
Pro tip: use the avalanche method by targeting your highest interest rate debt first.