What is the avalanche method for loan repayment in India?

The avalanche method means paying the minimum EMI on all loans, then directing any extra money toward the loan with the highest interest rate first. Once that loan closes, the freed EMI attacks the next highest-rate loan. This saves the maximum interest over your loan tenure.

What is the snowball method for loan repayment?

The snowball method means paying minimum EMIs on all loans, then directing extra money toward the loan with the smallest outstanding balance first. This gives quick psychological wins by closing loans faster.

How do I calculate my debt-free date in India?

Enter each loan — outstanding balance, interest rate, and monthly EMI — into GetDebtFree. The calculator shows your exact debt-free date and total interest payable.

Is it better to take a gold loan to close a personal loan?

Gold loans carry 9-12% interest while personal loans often carry 13-24%. Pledging gold to close a high-interest personal loan can save significant interest. Use GetDebtFree to calculate your exact savings.

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You will be completely debt free by

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Total outstanding

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across all loans

Total interest remaining

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cost of waiting

Monthly EMI total

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going out each month

Months remaining

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to freedom

EMI-to-salary ratio—

What you'll pay in total

Principal: —

Interest: —

Per-loan breakdown

Avalanche vs Snowball — full comparison

See which strategy saves you more money or closes loans faster

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Calculating…

—you save

Metric	🏔 Avalanche	❄️ Snowball

🏔 Avalanche

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total interest

Attack order — highest rate first

How it works: Pay minimum on all loans. Every extra rupee attacks the highest-rate loan first. Once closed, that freed EMI hits the next highest-rate loan. Saves the most money mathematically.

❄️ Snowball

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total interest

Attack order — smallest balance first

How it works: Pay minimum on all loans. Every extra rupee attacks the smallest-balance loan first. Gives you faster psychological wins by closing loans sooner, helping maintain motivation.

Monthly expense tracker

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Total spent

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Month-by-month payoff schedule

Month	EMI paid	Principal	Interest	Outstanding

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Add each personal loan — outstanding, interest rate, EMI. Your data stays on your device, always private.

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See avalanche vs snowball side by side. Which saves more money? Which closes loans faster? We tell you clearly.

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