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Repay · Calculator 06

When could you become debt-free?

Combine several debts, APRs and monthly payments to compare avalanche, snowball and minimum-only repayment paths.

1 Enter your figures2 Review assumptions3 Explore the result

Your figures

1. Check for urgent payment problems

This calculator is not a substitute for debt advice where essential commitments are already being missed.

2. Enter each debt

Use the current balance, APR and the fixed monthly payment you expect to keep making.

Debt 1
Debt 2
3. Choose the repayment approach

The total monthly budget stays constant, so a cleared debt’s payment moves to the next balance.

Your entries remain in this tab and are cleared when the tab closes.

Illustrative debt-free point

2 years and 2 months£480 total monthly repayment budget using the avalanche order.
Total interest paid£1,401
Earlier than minimum-only2 years and 2 months
Interest avoided£2,074
MonthsAvalancheMinimum-only
Hover over or focus a point to see its exact value.

Illustrative payoff order

01Credit cardMonth 12
02Personal loanMonth 26

Compared with the snowball order

Same modelled interestThe snowball path clears the balances in 2 years and 2 months under the same monthly budget. Behavioural preference may matter even when one ordering costs more.
Assumptions used
  • APR is converted to a monthly rate and applied before each month’s payment.
  • The total payment budget remains fixed until every entered balance is cleared.
  • No new borrowing, fees, promotional-rate changes or missed payments are modelled.
  • Contractual minimum-payment formulas may change as balances fall; this calculator uses the fixed cash payments entered.

This is a repayment illustration, not a recommendation to prioritise one debt over essential bills, priority arrears or an adequate cash buffer.