Payoff $10,000 Debt

Calculate the monthly payment needed to pay off a debt of $10,000 in a certain number of months or years. It can be used for a credit-card debt, student loan debt, or any other type of debt.
Current Debt
Pay Debt in
Interest Rate
You have a debt of $10,000 with an interest rate of 15.25%.
To pay it off in 1 year, you will have to pay:
$903.76 / month
You will pay a total of $845.16 in interest.
What if You Refinance?
The effects of high interest-rate debt can be large. Here's how much you'd have to pay each month to pay off a $10,000 debt in 1 year with different interest rates:
Interest Rate Payment Total Interest
5% $856.07 $272.90
6% $860.66 $327.97
7% $865.27 $383.21
8% $869.88 $438.61
10% $879.16 $549.91
12% $888.49 $661.85
15% $902.58 $831.00
20% $926.35 $1,116
25% $950.44 $1,405
30% $974.87 $1,698
What's the Highest Credit Card Interest Rate?
In the U.S. there is no federal law that limits the rate of interest that a credit card company can charge. However, there is a maximum of 36% for active U.S. military members and their dependents.
Perhaps because of this law, there is no credit card with an APR greater than 36% as of July 2023.
In 2009, First Premier Bank offered a card with a stunning 79.9% interest rate, probably the highest ever.