Tools
Estimate how long a credit card, loan or overdraft could take to clear — and how much interest you may pay — based on your balance, APR and payment pattern.
Enter the APR you want to model. Actual lenders may calculate interest daily or use different charging methods.
Estimated debt-free date
October 2030
Based on a £250.00 monthly payment at 22.9% APR
Time to clear
4 years 2 months
Estimated interest
£4,475.74
Total repaid
£12,475.74
Monthly payment
£250.00
Scenarios use the same assumptions as your current plan.
£250.00/month
4 years 2 months
£4,475.74 interest
£275.00/month
3 years 7 months
£3,784.12 interest
£691.62 less interest · 7 months sooner
£300.00/month
3 years 2 months
£3,285.63 interest
£1,190.11 less interest · 1 year sooner
£350.00/month
2 years 7 months
£2,610.58 interest
£1,865.16 less interest · 1 year 7 months sooner
Debt-free marker: October 2030
25% repaid
February 2028
Month 18 · £5,932.73 remaining
50% repaid
March 2029
Month 31 · £3,936.00 remaining
75% repaid
February 2030
Month 42 · £1,817.76 remaining
Debt-free
October 2030
Month 50 · £0.00 remaining
| Period | Opening balance | Interest | Payment | One-off | Principal repaid | Closing balance |
|---|---|---|---|---|---|---|
| 2026 | £8,000.00 | £599.39 | £1,000.00 | — | £400.61 | £7,599.39 |
| 2027 | £7,599.39 | £1,599.27 | £3,000.00 | — | £1,400.73 | £6,198.66 |
| 2028 | £6,198.66 | £1,242.60 | £3,000.00 | — | £1,757.40 | £4,441.26 |
| 2029 | £4,441.26 | £795.10 | £3,000.00 | — | £2,204.90 | £2,236.36 |
| 2030 | £2,236.36 | £239.38 | £2,475.74 | — | £2,236.36 | £0.00 |
Save different payment plans and compare how they change your payoff time and estimated interest.
Explore balance transfer cardsEligibility, fees, credit limits and promotional periods vary.
This calculator provides an illustrative repayment estimate. It assumes the balance, APR and payment pattern entered and does not include additional borrowing, fees or rate changes unless specified.
Actual lender calculations may differ.
Learn more about reducing debt
Explore guides on repayment strategies, consolidation and managing borrowing.
Explore Reduce Debt guides →Use your payoff estimate alongside budgeting and borrowing tools. This calculator does not recommend products or assess affordability.
Related
Links are chosen from this category’s registry — not a generic keyword dump.