Payoff $37,000 Debt

Calculate the monthly payment needed to pay off a debt of $37,000 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 $37,000 with an interest rate of 15.99%.
To pay it off in 3 years, you will have to pay:
$1,301 / month
You will pay a total of $9,823 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 $37,000 debt in 3 years with different interest rates:
Interest Rate Payment Total Interest
5% $1,109 $2,921
6% $1,126 $3,522
7% $1,142 $4,128
8% $1,159 $4,740
10% $1,194 $5,980
12% $1,229 $7,241
15% $1,283 $9,174
20% $1,375 $12,502
25% $1,471 $15,960
30% $1,571 $19,546
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.