What would it take to be
debt-free sooner?
Find out when you could pay off your debt, how much interest you might pay, and what changes when you put a little extra toward your balance. Clear numbers, no judgment.
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- No bank login
Build your payoff plan
Add up to six debts, then compare paying the minimums with paying a little more. You can change the numbers anytime.
Debt 1
Debt 2
What if you paid a little extra?
See the possible difference extra monthly payments could make on top of your minimums.
Assumes a fixed APR, monthly interest at APR ÷ 12, and payments at the end of each month. No new spending, missed payments, or lender fees.
Your debt payoff estimate
See what your payments could mean for your payoff timeline.
Estimated time to pay off
1 year 6 months
With your minimums plus the extra payment.
Estimated payoff date
April 2028
Total estimated interest
NGN 148,706
Does paying extra make a difference?
Minimum payments only
NGN 60,000/mo
2 years 1 month · NGN 225,433 interest
With extra payment
NGN 80,000/mo
1 year 6 months · NGN 148,706 interest
Paying NGN 20,000 extra each month could save around NGN 76,727 in interest and bring your payoff forward by 7 months.
See your remaining balance over time
Remaining balance
Payoff order: Card, Loan. This is an educational estimate, not a lender quote or financial advice. Actual results can vary with daily interest, changing rates, fees, rounding, and creditor payment rules.
The method
How this is calculated
Each month, every balance grows by one month of simple interest before any payment is applied.
Monthly interest = balance × annual rate ÷ 12
Each month you pay the minimum on every debt plus your extra payment. The minimums are paid first. The extra goes to one debt. Avalanche sends it to the highest interest rate. Snowball sends it to the smallest balance. When that debt is gone, its money moves to the next debt in the same order.
“Minimum payments only” runs the same plan with no extra. The estimate stops at 600 months. Fees, changing rates, and promotional periods are not included.
