Payoff $15,000 Debt

Calculate the monthly payment needed to pay off a debt of $15,000 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 $15,000 with an interest rate of 12.00%.
To pay it off in 9 months, you will have to pay:
$1,751 / month
You will pay a total of $760 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 $15,000 debt in 9 months with different interest rates:
Interest Rate Payment Total Interest
5% $1,702 $314.23
6% $1,709 $377.49
7% $1,716 $440.89
8% $1,723 $504.43
10% $1,737 $631.92
12% $1,751 $759.95
15% $1,773 $953.02
20% $1,809 $1,278
25% $1,845 $1,605
30% $1,882 $1,937
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.