Payoff $36,000 Debt

Calculate the monthly payment needed to pay off a debt of $36,000 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 $36,000 with an interest rate of 9.75%.
To pay it off in 4 years, you will have to pay:
$908.74 / month
You will pay a total of $7,619.37 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 $36,000 debt in 4 years with different interest rates:
Interest Rate Payment Total Interest
5% $829.05 $3,795
6% $845.46 $4,582
7% $862.06 $5,379
8% $878.87 $6,186
10% $913.05 $7,827
12% $948.02 $9,505
15% $1,002 $12,092
20% $1,095 $16,584
25% $1,194 $21,296
30% $1,296 $26,218
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.