Debt Payoff Calculator
See how many months it will take to pay off a balance at a given interest rate and fixed monthly payment.
Time to Pay Off
47 months
- Total interest
- ₹3,524
- Total paid
- ₹11,524
Assumptions
- Fixed monthly payment and interest rate for the full payoff period
- No additional charges are added to the balance
How it's calculated
Each month: interest = balance × monthly rate; principal paid = payment − interest; balance decreases by the principal paid.
Worked example
An ₹8,000 balance at 19.99% APR with a ₹250 monthly payment pays off in a number of months shown live above.
Frequently asked questions
What if my payment is too low?
If your payment doesn't cover the first month's interest, the balance would never shrink — the calculator will show an error in that case.