Better path
Same interest either way
Both paths take about 3 yrs, 1 mo
Debt payoff calculator for South Africa
Compare avalanche and snowball plans in rands. See payoff dates, total interest, and what an extra payment changes before you commit.
Currency
Defaults lean South African (rand). Rates update when you switch currency. Override any rate on each debt.
Your debts
Add every balance you want in the plan. Minimums stay on all debts; extras go to one focus debt at a time.
Debt 1
R
% a year
R
Debt 2
R
% a year
R
Total debt
R205,000
Total minimums
R5,250
Extra payment
Tap the amount to type an exact figure. This sits on top of your minimums.
Total you pay each month
R7,250
Results
Avalanche and snowball cost about the same in interest with these numbers. Pick the path you will stick with.
Avalanche
R37,147
interest · 3 yrs, 1 mo
Snowball
R37,147
interest · 3 yrs, 1 mo
Time to debt-free
3 yrs, 1 mo
Total interest
R37,147
Starting monthly payment
R7,250
Payoff order
1. Credit cardFocus
21% · start R25,000
R2,466
interest
2. Car loan
11% · start R180,000
R34,681
interest
Avalanche vs snowball, simply
Both methods pay the minimum on every debt, then throw every extra rand at one focus debt. Avalanche picks the highest interest rate first to cut total interest. Snowball picks the smallest balance first so you clear debts sooner and stay motivated. When rates and balances are close, the cheaper path and the motivating path often look similar. Pick the one you will actually follow.
How to use this calculator
Enter each balance, rate, and minimum. Set an extra payment you can afford every month. Compare the two paths in the sticky summary and results card. If you expect raises, add a small annual increase so the plan grows with you.
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