Create a personalized plan to pay off your debts efficiently
| Debt Name | Balance ($) | Interest Rate (APR %) | Minimum Payment ($) | Action |
|---|
Pay off debts from smallest to largest balance. This method provides quick wins to keep you motivated.
Pay off debts from highest to lowest interest rate. This method saves you the most money on interest.
Choose your own order for paying off debts. Drag and drop to reorder.
| Month | Debt | Payment | Principal | Interest | Remaining |
|---|
Navigate to our free Debt Repayment Planner to get started.
Enter each debt's balance, interest rate, and minimum monthly payment. You can add multiple debts including credit cards, loans, and more.
Determine the total amount you can realistically allocate each month toward debt repayment beyond minimum payments.
Select between two powerful methods:
We'll generate a detailed repayment schedule showing exactly when each debt will be paid off and how much interest you'll save.
Our calculator makes it easy - just input each debt's balance, interest rate, and your planned monthly payment. We'll calculate your repayment timeline and total interest paid, showing you exactly when you'll be debt-free.
For Australian borrowers, HELP (Higher Education Loan Program) repayments are based on your income. The repayment rate ranges from 1% to 10% of your income, depending on how much you earn above the minimum threshold (which is adjusted annually). These repayments are automatically deducted through the tax system.
Our debt repayment calculator provides several key benefits:
Absolutely! Our debt repayment calculator is designed for everyone - whether you have $500 or $50,000 in debt. It works for all types of unsecured debts including credit cards, personal loans, student loans, and medical bills. The calculator is completely free with no registration required.
Explore our suite of free calculators to take control of your finances: