Debt Payoff Planner
List your debts and see which method — Snowball or Avalanche — clears them fastest and with the least interest. Add an extra monthly payment to see how much time and money you save.
Debt name
Balance (RM)
Rate %
Min/mo (RM)
On top of all minimum payments — this is what accelerates your payoff.
Estimates only, assuming fixed interest rates and no new borrowing. Not financial advice. Verify terms with your lenders.
Frequently Asked Questions
Frequently Asked Questions
What is the difference between the Snowball and Avalanche methods?
Snowball clears your smallest balance first, so whole debts disappear early and you keep momentum. Avalanche targets the highest interest rate first, which costs the least in interest overall. Minimum payments and any extra you add work the same way in both.
Which method should I choose?
Avalanche never costs more in interest, and this planner shows exactly how much less. Snowball is still worth considering if the early wins are what keep you paying - a plan you stick to beats a cheaper one you abandon. Seeing both is how you judge the size of that trade rather than guess it.
Does this use official Malaysian rates?
No. Every figure is yours: balances, interest rates, minimum payments and any extra monthly amount. Nothing statutory is involved, so the result is only as good as the numbers you enter.