Debt Payoff Strategy Planner
Enter every debt you're actually carrying — not one at a time. This runs a real month-by-month simulation of both snowball (smallest balance first) and avalanche (highest rate first), so you see the actual total interest and payoff timeline for each, not a rule of thumb.
Your debts (2)
₹4,50,000 across 2 debts — here's how each strategy plays out
Snowball
Smallest balance first
24
months to debt-free
₹87,873
total interest paid
Payoff order
- 1. Credit Card — month 13
- 2. Personal Loan — month 24
Avalanche
Highest interest rate first
24
months to debt-free
₹87,873
total interest paid
Payoff order
- 1. Credit Card — month 13
- 2. Personal Loan — month 24
Both strategies cost the same total interest for your numbers — pick whichever keeps you motivated.
How this is computed
Both strategies simulate month by month: interest accrues on every balance, minimum payments go out to every debt, and your extra amount goes entirely to the highest-priority debt still standing — smallest balance for snowball, highest rate for avalanche. Once a debt is paid off, its minimum payment doesn't disappear — it rolls into the pool applied to the next debt, which is what makes payoff accelerate over time instead of staying flat. This is a planning model based on the numbers you enter, not personalized financial advice.
Common questions
When your extra payment is large relative to your balances, both strategies clear everything at close to the same pace — the difference is mainly in total interest paid, and in which debt disappears first (a real psychological factor snowball is built around).