Debt Payoff Calculator — Snowball vs. Avalanche
List what you owe, add whatever you can pay above the minimums, and see exactly when you'll be debt-free — and which strategy costs you less.
Your Debts
Use the outstanding balance, the annual interest rate, and the minimum your lender requires each month.
Anything you pay above the minimums. This is the single biggest lever you control.
Strategy
Debt-free in
32 months
Last payment April 2029
You Owe
₹4.6L
across 3 debts
Total Interest
₹1.9L
the cost of borrowing
Total Repaid
₹6.5L
principal + interest
Snowball vs. Avalanche
The avalanche saves you ₹42.3K in interest and finishes 2 months sooner.
Showing the Avalanche plan.
Payoff Order
- 1Consumer EMICleared in month 26 · ₹15.4K interest
- 2Credit cardTarget firstCleared in month 30 · ₹1.4L interest
- 3Personal loanCleared in month 32 · ₹34.5K interest
Smart Insights
Credit card is at 36% a year. Clear it first and every rupee after that goes further.
Adding just ₹2.5K/mo more cuts 5 months and ₹37.3K of interest off this plan.
Consumer EMI clears in month 26 — its ₹3.0K/mo then rolls onto the next debt.
Next Step
Find the extra payment in your budget.
Nami tracks where your money actually goes, so you can see what's available to throw at these debts each month.
Estimate based on constant rates and on-time payments. Actual payoff varies with rate changes, fees, and card billing cycles.
Frequently asked questions
The snowball method targets your smallest balance first while paying minimums on everything else. When that debt clears, its payment rolls onto the next-smallest, and so on. It costs slightly more in interest than the avalanche, but the early wins keep people going — and the strategy you actually finish is the one that works.
The avalanche targets your highest interest rate first, again paying minimums on the rest. Mathematically it is always the cheapest route: every extra rupee goes to the debt charging you the most. It can feel slow if your dearest debt is also your largest, because the first win takes longer to arrive.
The avalanche always costs less in interest — often tens of thousands of rupees on Indian credit card rates. The snowball clears individual debts sooner, which some people need to stay motivated. Enter your actual debts above and the calculator shows the real gap between them; if it is small, pick the one you will stick with.
Compare rates. A credit card at 36% is a guaranteed 36% return if you clear it, which no equity investment reliably beats. Clear high-interest debt first, keep a small emergency fund so you don't fall back on the card, and invest once you're only carrying cheap debt like a home loan.
Enormously. Minimum payments on revolving credit are structured to cover interest plus a sliver of principal, which is why a card balance barely moves. Any extra payment lands entirely on the principal, so it compounds in your favour — the calculator above shows exactly how many months and how much interest each extra ₹2,500 a month saves you.
Nami simulates your plan month by month: it adds each debt's interest, pays every minimum, then applies your extra payment to the target debt for your chosen strategy. When a debt clears, its minimum rolls into the pot for the next one. It assumes constant rates and on-time payments, so treat the date as a well-reasoned estimate.