Credit Card and Personal Loan Calculator
Credit Card & Personal Loan Calculator
Take control of your debt and understand what it is really costing you.
This easy-to-use Excel calculator helps you model your credit card, store account and personal loan repayments and see how different repayment strategies could affect your debt.
What you can calculate:
- 💳 See how long it could take to pay off your credit card or store account
- 📅 See your payoff period in months and years
- 💰 Calculate the impact of paying extra every month
- 🎯 Work out how much you need to pay to become debt-free within a target period
- 💵 Test bonuses, lump sums and temporary extra payments
- 📉 See the potential interest and time saved
- 🏦 Calculate personal-loan instalments and the total cost of the loan
- 🛡️ Include monthly fees and credit-life insurance
- ⚖️ Compare multiple debts using Debt Snowball and Debt Avalanche strategies
- 📊 View repayment schedules so you can see how your balance changes over time
Simply enter your own balances, interest rates, repayments, fees and other applicable information, and the spreadsheet does the calculations for you.
Perfect for you if you want to know:
“When will I finally finish paying this debt?”
“What if I pay an extra R500 or R1,000 every month?”
“What difference would my bonus make?”
“How much is this personal loan really costing me?”
“Which debt should I tackle first?”
Format: Microsoft Excel spreadsheet
Access: Instant digital download
Please note: This calculator is an educational planning tool and provides estimates based on the information you enter. Actual lender calculations may differ due to daily interest calculations, fees, insurance structures, payment timing and individual product terms. It does not constitute financial advice.
