Debt Payoff Strategy Manager
Your debts
| Lender | Balance (KES) | Interest % | Monthly pay (KES) | Term (mo) | Start | Action | Order |
|---|
Extra payments
Needs a debt with a balance and monthly payment
Key assumptions
- Interest is compounded monthly.
- Monthly payments are made on time and in full.
- Interest rates remain constant.
- Lender fees or penalties are not included.
- All payments are made on the same date each month.
Notes
The baseline: minimum monthly payments only, with no extra payments. Every other strategy is measured against it.
Extra payments go to the highest interest rate first. Mathematically the cheapest way to clear debt.
Extra payments go to the smallest balance first. Each cleared debt frees its payment for the next smallest.
Extra payments go to the debt with the shortest remaining payoff term first.
Set the order with the arrows in the Order column, then recalculate.
The strategy with the least interest, then the fastest payoff. Savings are measured against minimum payments only. When strategies tie, choose on other grounds, such as which debt causes the most stress or carries a guarantee. The best order depends on the balances, rates and instalments entered, so re-check after any change.
Optional lump-sum or recurring payments on top of the minimums, used to accelerate the payoff.
Work it out with the Loan Repayment Calculator.
Debt data is stored in this browser only, not on a server or account.
Estimates only, based on the information provided. Interest rates, fees and other terms can change the actual payoff schedule. Outputs are built from user-supplied inputs and historical disclosures. Nothing here is an offer, solicitation, or personalized recommendation to buy, sell, or trade any security, financial instrument, or insurance product, or a substitute for professional financial, tax, legal, or estate planning advice.