GenzeeDebt Payoff Calculator
Enter your balance, interest rate and fixed monthly payment to see exactly how long payoff will take and how much interest you'll pay in total.
Time to pay off
2y 2m
26 monthly payments of PKR 15,000
How this calculator works
Each month, part of your payment covers that month's interest and the rest reduces the balance. As the balance shrinks, less of each future payment goes to interest and more goes to principal — which is why payoff often accelerates near the end. This calculator runs that month-by-month math for you and totals the interest paid along the way.
Why your payment has to clear a minimum
If your monthly payment is smaller than the interest the balance generates that month, the balance never shrinks — it can even grow. The calculator flags this "minimum viable payment" so you know the floor for your specific balance and rate before you commit to a number.
Snowball vs. avalanche, if you have more than one debt
This tool handles one debt at a time. If you're juggling several, run each one through separately: the "avalanche" method pays extra toward whichever has the highest interest rate first (mathematically cheapest overall), while the "snowball" method clears the smallest balance first (often easier to stick with, since you see a debt disappear sooner).
Frequently asked questions
Should I pay off debt or invest first?
As a rough guide, debt charging more than your realistic investment return is usually worth clearing first — a 24% credit card rate is very hard to beat by investing. Lower-rate debt (some student or mortgage loans) is more of a judgment call, and many people do both at once.
What's the difference between APR and interest rate?
APR (annual percentage rate) includes the base interest rate plus most fees, expressed as one yearly figure — it's the more complete number to use here if your lender quotes both.
Why does my total interest look so high?
On high-rate debt like credit cards, interest can end up costing more than the original balance if payments stay near the minimum for a long time. Increasing the monthly payment amount, even slightly, cuts both the time and total interest substantially — try a few different payment amounts to see the effect.