The avalanche: clear the highest rate first, then roll its payment into the next. It is mathematically optimal and always costs the least interest of any ordering.
Also called: avalanche method, highest interest first.
28 months and ₹74,220 of interest, clearing debts in this order: Debt 1, Debt 3, Debt 2. Highest rate first, which is the cheapest possible ordering of these payments.
An estimate, not an offer or a guarantee. Projected returns assume the rate you entered holds for the whole term, which no market does.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
Every debt gets its minimum, and everything spare goes to the highest rate. When it clears, its whole payment rolls onto the next highest. This minimises total interest by definition, because every spare rupee is always attacking the most expensive money. The cost is that a large high-rate debt can take a long time to clear, with no visible win in the meantime.
pay minimums on everything, then throw everything spare at the highest rateEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
Months to clear everything28
arithmetic identity on the budget
Open this exampleMonths to clear everything8
boundary
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