Payoff $2,000 Debt

Calculate the monthly payment needed to pay off a debt of $2,000 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 $2,000 with an interest rate of 25.50%.
To pay it off in 4 months, you will have to pay:
$526.84 / month
You will pay a total of $107.37 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 $2,000 debt in 4 months with different interest rates:
Interest Rate Payment Total Interest
5% $505.22 $20.88
6% $506.27 $25.06
7% $507.31 $29.25
8% $508.36 $33.44
10% $510.46 $41.84
12% $512.56 $50.25
15% $515.72 $62.89
20% $521.01 $84.02
25% $526.31 $105.24
30% $531.64 $126.54
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.