Free Money Tool

Debt Snowball vs Avalanche Calculator

Fuliza, app loans, SACCO and bank loans all at once? See which order clears them fastest, which saves the most interest, and when you can be debt free.

Your debts

Add up to five debts. Leave a debt empty if you do not need it. The interest rate is per month: a yearly rate divided by 12, so a SACCO loan at 12 percent a year is 1 a month. For Fuliza, M-Shwari and app loans, use the fee you pay each month as a percent of the amount.

Debt 1

Name

Balance (KES)

Monthly payment (KES)

Interest per month (%)

Debt 2

Name

Balance (KES)

Monthly payment (KES)

Interest per month (%)

Debt 3

Name

Balance (KES)

Monthly payment (KES)

Interest per month (%)

Debt 4

Name

Balance (KES)

Monthly payment (KES)

Interest per month (%)

Debt 5

Name

Balance (KES)

Monthly payment (KES)

Interest per month (%)

Extra you can pay each month on top (KES) Money from a side hustle, a bonus, or an expense you can cut. Put 0 if you can only pay the monthly payments above.

Your result

The two methods side by side

Avalanche pays the highest interest rate first. Snowball pays the smallest balance first.

Method	Debt free in	Interest you pay
Avalanche
Snowball

What next?

Build a safety net so you do not borrow again: Emergency Fund calculator or Chama Contribution calculator.

This calculator gives an estimate to help you plan. It is not financial advice. Real loans may add processing fees, penalties or daily charges, so check your loan statements and confirm the figures with your lender, SACCO or bank. If you cannot keep up with your payments, speak to your lender early about restructuring.