ArthPilot

Debt Payoff Planner

Compare Debt Snowball and Debt Avalanche to become debt-free faster. Interactive planner with charts, timeline and recommendations.

Your Debts

₹
₹0₹2,00,000

Total Debt

₹9.50 L

Total Monthly Payment

₹29,500

Snowball: Months

50 mo

Avalanche: Months

51 mo

Debt Breakdown

Comparison

Snowball: Total Interest₹2,13,816
Avalanche: Total Interest₹2,13,164
Interest Saved₹0
Months Saved0 months

Smart Insights

  • Priority: Pay off Credit Card first (highest interest rate).
  • Snowball gives quicker wins by clearing small balances first.
  • Avalanche minimizes total interest — better if you prioritise cost over speed.
  • Increasing monthly payment by ₹2,000 saves approx ₹3,518 in interest (estimate).
  • Credit card debts usually carry highest rates — pay these aggressively.
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How This Calculator Works

A practical guide to using Debt Payoff Planner — Guide and Strategy with confidence.

This planner helps you understand and act on two proven methods to pay off debt faster — the Debt Snowball and the Debt Avalanche. It also provides a realistic simulation of how much interest you will pay and how many months it will take under each approach. The tool is specifically written for common Indian debt types such as credit cards, personal loans, car loans and home loans, and includes practical tips for real-world budgeting and repayment decisions.

Inputs You Enter

  • Debt name
  • Outstanding balance
  • Interest rate (p.a.)
  • Minimum monthly payment
  • Optional EMI

Outputs You Get

  • Total debt
  • Total monthly payment
  • Estimated debt-free date
  • Total interest payable
  • Interest saved (between strategies)
  • Months saved
  • Recommended payoff order

Assumptions and Limitations

    Formula Used

      Step-by-Step Example

      1. Enter each debt with current outstanding balance, interest rate and minimum payment.
      2. Set any extra monthly amount you can allocate toward debt repayment.
      3. Compare Snowball vs Avalanche results — months to payoff, total interest, and interest saved.
      4. Use the recommended order and the Home Loan Prepayment Planner or EMI Calculator for loan-specific actions.

      Practical Tips and Common Mistakes

      • Prioritise high interest unsecured debt
      • Maintain an emergency fund
      • Automate extra payments when possible
      • Use prepayments where penalties are low

      Benefits of Using This Calculator

        Frequently Asked Questions