Up to your eyeballs in debt? You’re not alone. But it’s really no way to live your best life, so the sooner you start making the smart choices that will save you the money you need to grow your wealth over the longer term, the better for all involved.
With 1Life’s payable interest on loans calculator, you can get a clear understanding of how long it will take you to pay back all your debts at the current rate, as well as the total amount of interest you’ll pay in the process, if you change nothing at all.
When you see the stark reality in numbers, you’ll most likely feel motivated to increase your debt repayments, even by a small amount, starting with the one with the highest interest rate, until they’re all settled.
This is the number of months it will take to pay off your debts, based on the repayment amount and interest rate.
The total interest payable on your debts is
This is the amount of money you would have spent on the interest on your loans, after your debts have been paid in full.
#Lifehack Every cent saved ensures additional money for a more secure future.
Our user-friendly calculators are here for you to gain the insights you need in making the smart choices that will empower you to protect and grow your wealth. The calculators do not provide any advice or recommendation in relation to the suitability of any products.
It’s important to note that the calculations are only estimates, based on your inputs and assumptions. Interest rates are a factor in all of them, and these vary from one financial services provider to another and are influenced by several factors including your credit history.