Debt reduction enables you to take multiple financial obligations and roll them into one workable payment each month. You will find no shortage of companies willing to provide you with a minimal interest guaranteed loan to help you repay charge cards, store cards along with other personal debt.

This calculator is designed to help you work out how quickly you can pay off a loan if you increase your monthly repayments and how much interest you would save by doing this

  1. Enter your loan amount, the original term of your loan and the interest rate
  2. Click the first button to calculate the monthly repayments based on your original term
  3. Enter your additional monthly repayment
  4. Click the second button to calculate your reduced loan term and interest saving
Loan Amount $
Original Term    years
Interest Rate    %

Monthly Repayment $
Additional Monthly Repayment $

Your reduced loan term will be years.
You will save $ in interest.