Debt Payoff Calculator
Compare avalanche vs snowball strategies to pay off debt faster.
Results
Avalanche (highest rate first)
Total interest
₹79.5K
Debt-free in
2y 4mo
Snowball (lowest balance first)
Total interest
₹79.5K
Debt-free in
2y 4mo
Payoff timeline (Avalanche)
Payoff timeline (Snowball)
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Avalanche vs Snowball: Which debt payoff strategy is better?
The two most popular debt payoff strategies are the Avalanche method and the Snowball method. With Avalanche, you direct extra payments toward the debt with the highest interest rate first, which minimises total interest paid. With Snowball, you pay off the smallest balance first, giving you quick psychological wins that keep you motivated.
Mathematically, the Avalanche method always saves more money. But behavioural research shows that the Snowball method's quick wins help people stick with their repayment plan. The best strategy is the one you actually follow through on.
This calculator lets you compare both strategies side by side. Enter all your debts, set any extra monthly payment you can afford, and see the total interest and timeline for each approach. In India, where credit card rates can exceed 36% per annum, tackling high-interest debt first can save lakhs over time.