Debt Calculator

Calculate your Debt Repayments

Online Budget

Understand your financial position

Debt repayments

If you are serious about paying off debt take a little time to see how much you are actually paying your creditors?

If you only pay the minimum, you can easily wind up paying more in interest than you ever paid for your original purchase. Although the minimum payment drops as your balance is paid, due to compounded interest, you are going to end up paying the debt for a very long time.

Take a look at how much interest you will be paying for the life of the debt by using our debt calculator.
By entering the required information, you will see the difference your payment can make on the lifetime of your debt.

Hint

Just by increasing your monthly payment by a few dollars can dramatically cut down the time it takes to pay off your debt, along with the total interest paid.

Calculator 1
Debt Amount Owing $
Interest % per
Proposed Start date
Proposed End date
Proposed Payment Frequency


Calculator 2
I can pay $
Frequency
Amount Owing $
Interest % per

Calculator 1

If you want to aim for a specific date by which to be debt free enter a Start and End date. This will calculate how much you need to pay on a weekly/fortnightly/monthly basis to achieve your goal.

Calculator 2

If you are already aware of your disposable income to repay your debt our second calculator will work out how long it will take to pay off the debt.

Enter your income details
Monthly Income (after tax) $
Partner's Monthly Income $
Benefits $
Other Income (e.g. maintenance payments) $


Enter your monthly expenditure
Mortgage payment $
Secured/HP loans $
Rent $
Management Charge $
Council Tax $
Electricity $
Gas $
Oil $
Water Rates $
Telephone (land line) $
Mobile Phone $
TV Licence $
Satellite/Cable TV $
Internet Services $
Groceries ect. $
Clothing $
Pertrol/Diesel $
Road Tax (car) $
Car Insurance (including breakdown cover) $
Car Maintenance (including MOT) $
Car Parking $
Other Travel $
Childcare/Nursery $
Other child related expenses $
Medical (prescriptions, dentists, opticians etc.) $
Pet Insurance/Vet bills $
Building Insurance $
Contents Insurance $
Life Assurance $
Other Insurance $
Presents (birthday, christmas etc.) $
Haircuts $
Entertainment $
Holiday $
Household Emergency Fund (e.g. for repairs) $
Add another


Enter SECURED debts and Hire Purchase (HP) debts
Debt description Debt ($) Monthly payment ($) Annual Rate (%)
Mortgage
Secured debt
Hire Purchase (HP)
Add another


Enter your UNsecured Debts e.g. credit cards
Debt description Debt ($) Monthly payment ($) Annual Rate (%)
Add another


Enter the value of your assets
Cash $
House value (gross) $
Shares & bonds $
Car(s) $
Other assets (e.g. endowments, jewellery) $


Additional Information
Number of adults in household $
Number of children in household $
Number of cars owned $