💰 Debt Payoff Calculator

Calculate how long one balance takes to clear — and what extra payments save in interest. Estimates only, not financial advice. If debt feels unmanageable, speak to a free debt adviser.

£5,000
£100 £100,000
5%
0% 30%
£200
£10 £5,000
Personal Loan
Standard

Snowball vs Avalanche: both are ways to order multiple debts — snowball clears the smallest balance first (quick wins), avalanche clears the highest rate first (lowest total interest). Avalanche always wins on paper, but the gap is usually tens of pounds; raising the payment — try ⚡ Extra Payment above — matters far more than the ordering.

🚀 Quick Payment Suggestions:

💡 Debt Payoff Tips

🎯 Pay More Than Minimum
Even small extra payments can significantly reduce payoff time
⚡ Consider Balance Transfer
0% APR offers can help you pay down principal faster
📝 Create a Budget
Track expenses to find extra money for debt payments
⚠️ Avoid New Debt
Stop accumulating new debt while paying off existing debt
💡 Quick Calculation Tip
To pay off a £5,000 debt in 3 years at 5% interest, you need approximately £150/month.
To pay it off in 1 year, you need approximately £430/month.