Debt Management Center
Active Debts Overview
Total Principal Owed
₹350,000
Total Projected Interest
₹78,500
Debt Payoff Target Date
2027-06-01
Debt Repayment Strategies
Debt Snowball Method
Focuses on paying off the smallest balance first for psychological wins.
Debt Avalanche Method (Recommended)
Prioritizes debts with the highest interest rate to minimize total interest paid.
Detailed Loan Register
| Creditor | Principal | Rate (APR) | Balance | Next Payment |
|---|---|---|---|---|
| Home Loan (Secured) | ₹5,00,000 | 7.50% | ₹3,00,000 | Aug 5 |
| Personal Loan (Unsecured) | ₹50,000 | 15.00% | ₹20,000 | Aug 12 |
| Credit Card XYZ | ₹10,000 | 24.99% | ₹30,000 | Aug 1 |