Free debt payoff calculator
Crush your debt.
Know the day it ends.
Add every card and loan, in any currency, and pick snowball or avalanche. You get your debt-free date, the interest you'll save and the month each debt is gone. Every payment you make moves the date closer.
Debt left
Debt-free in
- Credit card 24.99%
$3,200$3,200 - Car loan 7.9%
$9,800$9,800 - Store card 29.99%
$640$640
🥊 Three debts, $13,640 to knock out
What you get
Your debt-free date
The month your last debt hits zero, and how each extra payment moves it.
Snowball vs avalanche
Both plans side by side, with the interest and months each one costs.
Every debt, any currency
Cards, loans and money owed to family, added up in the currency you choose.
Free and private
No ads, no premium tier. Your data stays on your device.
Debt payoff calculator
Your debt-free date, snowball or avalanche
List your debts with their balance, interest rate and minimum payment, then choose how much extra you can pay each month. You get the month you're debt-free, the total interest, and which plan saves you more.
Your currency
Your debts
On top of your minimums: $596 a month goes to debt in total.
Strategy
Smallest balance first: quick knockouts.
Debt-free by
In 2 years 6 months
In 2 years 6 months · $15,400 across 3 debts
Total interest
$2,227
Saved vs minimums
$2,000
To debt / month
$596
Total debt left, month by month · numbered dots are knockouts
- 1Student loan🥊 KO month 10
- 2Credit card🥊 KO month 19
- 3Car loan🥊 KO month 30
Snowball vs avalanche
Snowball knocks out Student loan in month 10. Avalanche would save you $427 in interest. Your call, champ: quick wins or the cheapest fight.
Your numbers come with you. No account needed.
The payoff math, in plain words
- Monthly interest
- = Balance × APR ÷ 12
- A $3,200 credit card at 24.99%: $3,200 × 0.2499 ÷ 12 = $66.64 of interest this month.
- Debt avalanche
- = Minimums on everything, every extra dollar to the highest interest rate first
- Card at 24.99%, then car loan at 7.9%, then student loan at 5.5%, with $200 extra: debt-free in 29 months, $1,800 of interest.
- Debt snowball
- = Minimums on everything, every extra dollar to the smallest balance first; a paid-off minimum rolls onto the next
- The $2,400 student loan is knocked out in month 10, then the card, then the car: debt-free in 30 months, $2,227 of interest.
- Interest saved
- = Interest on minimums only − interest on your plan
- Minimums alone take 58 months and $4,227 of interest. The avalanche with $200 extra: $1,800. You keep about $2,428.
A month-by-month model with fixed rates and payments, the same one the app uses. Not financial advice; your lender's numbers may differ slightly.
More than a calculator
Your payoff plan, kept true by your real payments
A calculator gives you a date once. Ginkou keeps it true: every payment you make lowers the right balance, every debt counts in any currency, and your debt-free date moves when your money does.
What you owe
Credit card
56% paid off
$1,850
Student loan in Berlin
37% paid off
€11,400
$12,829$12,829 Loan from my parents
60% paid off
R$6,000
$1,149$1,149 Car loan
🏆 Knocked out
$0
Left to knock out
of $36,329 you started with · 1 of 4 debts gone
Payments counted for real
Import a bank statement or log a payment in three taps. Each one lowers that debt's balance, and your debt-free date updates right away.
Every debt, every currency
A card in dollars, a student loan in euros, money owed to family in reais. Each stays in its own currency and adds up in the one you choose, with fresh daily rates.
A knockout date for each debt
Every debt shows its balance, interest rate, minimum and the month it hits zero on your plan, snowball or avalanche.
Interest you can see
Ginkou shows what interest costs you each month and how much your extra payments cut it, so a $50 top-up has a number next to it.
Milestones
Every round won, counted
Debt-free isn't one finish line years away. Each milestone is money you no longer owe, and Ginkou marks each one as you reach it.
Know your enemies
Write down every debt with its balance, rate and minimum. Most people never do, and it's the first round you win.
$20,000 across a card, a car loan and a student loan
First punch
Your first payment on the plan. From now on, every payment has a target.
A $90 card payment, plus $200 extra
10% knocked out
10%A tenth of what you started with is gone. The interest you pay each month is already smaller.
$2,000 paid off · $18,000 to go
A quarter down
25%A quarter of your debt is gone. This is where the plan starts to feel real.
$5,000 paid off · $15,000 to go
Boss defeated
One debt paid off completely. Its minimum doesn't disappear: it rolls onto the next debt and hits it harder.
The $3,000 card gone · its $90 minimum moves on
Halfway there
50%Half of everything you owed is gone, and more of every payment hits the balance instead of interest.
$10,000 paid off · $10,000 to go
Debt-free
100%Every debt at zero. The money that went to payments every month is yours again.
$20,000 knocked out · every payment is yours again
Start
Know your enemies
Told with $20,000 of debt across a credit card, a car loan and a student loan.
Your debt counselor
Meet Coach Bruno. Every payment is a punch.
A former champ turned corner man who treats your debts as opponents, keeps your debt-free date and knockout order in view, and talks to you the way you choose.
Coach Bruno
Bulldog“Every payment is a punch.”
Former champ, now your corner man. Your debts are opponents — and he's never lost a fight he trained for.
How Coach Bruno talks to you
“”
- Each debt is an opponent with a health bar. Payments land hits; interest heals it.
- Pick snowball or avalanche and see the knockout month for every debt, in your plan.
- Set your extra punches per month, and watch the interest you cut add up.
Questions
Debt payoff questions, honest answers
What's the difference between the debt snowball and the debt avalanche?
The snowball pays off your smallest balance first; the avalanche pays off your highest interest rate first. In both, you pay the minimum on every debt, put everything extra on one target, and roll each paid-off minimum onto the next debt.
Which is better, snowball or avalanche?
The avalanche always costs the least interest; the snowball gets you the first payoff sooner. If your rates are close the difference is small, so pick the one you'll stick with. The calculator shows both side by side with your own debts.
How is my debt-free date calculated?
Month by month: each debt is charged its APR ÷ 12 in interest, then your minimums and extra payment go out in the order your strategy picks. When a debt hits zero its minimum moves to the next one. The month the last balance reaches zero is your date.
What if my minimum payment doesn't cover the interest?
Then that debt grows instead of shrinking, and minimums alone never pay it off. The calculator flags it. Paying a little more than the monthly interest, or putting your extra on that debt first, turns it back into a fight you can finish.
How much does paying extra each month save?
Often more than people expect. With a $3,200 card, a $9,800 car loan and a $2,400 student loan, $200 extra a month cuts about 29 months and $2,400 of interest compared with paying only the minimums.
Does this work as a credit card payoff calculator?
Yes. Enter one card, or several, with each balance, APR and minimum payment. It works the same for car loans, student loans, personal loans and money you owe to family or friends.
Can I track debts in different currencies?
Yes. Each debt keeps its own currency, whether it's a card in dollars, a loan in euros or money owed in reais, and your total and debt-free date add up in the currency you choose, with fresh daily rates. Ginkou supports 160+ currencies, plus crypto and metals.
Is Ginkou free? Is this financial advice?
It's free, with no ads and no premium tier, and your data stays on your device unless you choose to sync it. It isn't financial advice: Coach Bruno helps you see your own numbers and stick to a plan, but for big decisions talk to a licensed professional.
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Step into the ring. Win it.
Free, private, and your payoff plan is ready in under three minutes.