How Long Will It Take to Pay Off My Loan?
No one enjoys being in debt, but it is a place we all seem to find ourselves at certain points in our lives. By making a plan for consistent monthly payments toward your debt, you will be able to pay off your loan in due time. Use this calculator to determine how many payments it will take to pay off your loan.
Enter the current balance.
Enter your monthly payment.
Enter the annual interest rate on your loan.
A full service credit union offering checking and savings accounts, credit cards, car loans, home equity loans, mortgages, IRAs, and business accounts. Also, accounts for children and students. Better than most banks, we offer lower fees and better rates. Find branches in Germantown, Gaithersburg, Silver Spring and Bethesda. With shared branching, access your accounts at many convenient locations and access thousands of free ATM’s. Follow us on Facebook or visit www.MAFCU.org for more info.12820 Wisteria DrPO Box 2270Germantown, MD 20874-2653(301) 944-1800www.mafcu.org
The Motley Fool article: "9 Ways to Pay Off Debt."
National Foundation for Credit Counseling promotes financially responsible behavior and delivers the highest quality financial education and counseling services.
The Association of Independent Consumer Credit Counseling Agencies (AICCCA) is a national membership organization, established to promote quality and consistent delivery of credit counseling services, and has links to additional information.
"Knee Deep In Debt", Federal Trade Commission
"For people on Debt Management Plans, a Must-Do List", Federal Trade Commission