Payoff $17,000 Debt

Calculate the monthly payment needed to pay off a debt of $17,000 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 $17,000 with an interest rate of 29.95%.
To pay it off in 12 months, you will have to pay:
$1,657 / month
You will pay a total of $2,882 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 $17,000 debt in 12 months with different interest rates:
Interest Rate Payment Total Interest
5% $1,455 $463.93
6% $1,463 $557.55
7% $1,471 $651.46
8% $1,479 $745.64
10% $1,495 $934.84
12% $1,510 $1,125
15% $1,534 $1,413
20% $1,575 $1,897
25% $1,616 $2,389
30% $1,657 $2,887
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.