How Long to Payoff $1,000 in Debt?

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%
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117 months
You will be debt free in 9 years, 9 months

Pay Debt of $1k

How long will it take to pay a 1 thousand dollar loan? This calculator shows how long it will take to payoff $1,000 in debt. It can be used for any loan, credit card debt, student debt, personal, business, car, house, etc...

Many times, combining multiple high-interest loans into one low interest loan can be a good option. This is called debt consolidation.

Loan Payoff Over Time
Month Payment Principal Interest Balance
1 11.00 6.63 4.38 993.38
2 11.00 6.65 4.35 986.72
3 11.00 6.68 4.32 980.04
4 11.00 6.71 4.29 973.33
5 11.00 6.74 4.26 966.58
6 11.00 6.77 4.23 959.81
7 11.00 6.80 4.20 953.01
8 11.00 6.83 4.17 946.18
9 11.00 6.86 4.14 939.32
10 11.00 6.89 4.11 932.43
11 11.00 6.92 4.08 925.51
12 11.00 6.95 4.05 918.56
13 11.00 6.98 4.02 911.58
14 11.00 7.01 3.99 904.57
15 11.00 7.04 3.96 897.52
16 11.00 7.07 3.93 890.45
17 11.00 7.10 3.90 883.35
18 11.00 7.14 3.86 876.21
19 11.00 7.17 3.83 869.04
20 11.00 7.20 3.80 861.85
21 11.00 7.23 3.77 854.62
22 11.00 7.26 3.74 847.36
23 11.00 7.29 3.71 840.06
24 11.00 7.32 3.68 832.74
25 11.00 7.36 3.64 825.38
26 11.00 7.39 3.61 817.99
27 11.00 7.42 3.58 810.57
28 11.00 7.45 3.55 803.12
29 11.00 7.49 3.51 795.63
30 11.00 7.52 3.48 788.11
31 11.00 7.55 3.45 780.56
32 11.00 7.59 3.41 772.97
33 11.00 7.62 3.38 765.36
34 11.00 7.65 3.35 757.70
35 11.00 7.69 3.31 750.02
36 11.00 7.72 3.28 742.30
37 11.00 7.75 3.25 734.55
38 11.00 7.79 3.21 726.76
39 11.00 7.82 3.18 718.94
40 11.00 7.85 3.15 711.09
41 11.00 7.89 3.11 703.20
42 11.00 7.92 3.08 695.27
43 11.00 7.96 3.04 687.32
44 11.00 7.99 3.01 679.32
45 11.00 8.03 2.97 671.30
46 11.00 8.06 2.94 663.23
47 11.00 8.10 2.90 655.13
48 11.00 8.13 2.87 647.00
49 11.00 8.17 2.83 638.83
50 11.00 8.21 2.79 630.63
51 11.00 8.24 2.76 622.38
52 11.00 8.28 2.72 614.11
53 11.00 8.31 2.69 605.79
54 11.00 8.35 2.65 597.44
55 11.00 8.39 2.61 589.06
56 11.00 8.42 2.58 580.64
57 11.00 8.46 2.54 572.18
58 11.00 8.50 2.50 563.68
59 11.00 8.53 2.47 555.15
60 11.00 8.57 2.43 546.57
61 11.00 8.61 2.39 537.97
62 11.00 8.65 2.35 529.32
63 11.00 8.68 2.32 520.63
64 11.00 8.72 2.28 511.91
65 11.00 8.76 2.24 503.15
66 11.00 8.80 2.20 494.35
67 11.00 8.84 2.16 485.52
68 11.00 8.88 2.12 476.64
69 11.00 8.91 2.09 467.73
70 11.00 8.95 2.05 458.77
71 11.00 8.99 2.01 449.78
72 11.00 9.03 1.97 440.75
73 11.00 9.07 1.93 431.68
74 11.00 9.11 1.89 422.56
75 11.00 9.15 1.85 413.41
76 11.00 9.19 1.81 404.22
77 11.00 9.23 1.77 394.99
78 11.00 9.27 1.73 385.72
79 11.00 9.31 1.69 376.41
80 11.00 9.35 1.65 367.05
81 11.00 9.39 1.61 357.66
82 11.00 9.44 1.56 348.22
83 11.00 9.48 1.52 338.75
84 11.00 9.52 1.48 329.23
85 11.00 9.56 1.44 319.67
86 11.00 9.60 1.40 310.07
87 11.00 9.64 1.36 300.42
88 11.00 9.69 1.31 290.74
89 11.00 9.73 1.27 281.01
90 11.00 9.77 1.23 271.24
91 11.00 9.81 1.19 261.43
92 11.00 9.86 1.14 251.57
93 11.00 9.90 1.10 241.67
94 11.00 9.94 1.06 231.73
95 11.00 9.99 1.01 221.74
96 11.00 10.03 0.97 211.71
97 11.00 10.07 0.93 201.64
98 11.00 10.12 0.88 191.52
99 11.00 10.16 0.84 181.36
100 11.00 10.21 0.79 171.15
101 11.00 10.25 0.75 160.90
102 11.00 10.30 0.70 150.60
103 11.00 10.34 0.66 140.26
104 11.00 10.39 0.61 129.88
105 11.00 10.43 0.57 119.44
106 11.00 10.48 0.52 108.97
107 11.00 10.52 0.48 98.44
108 11.00 10.57 0.43 87.87
109 11.00 10.62 0.38 77.26
110 11.00 10.66 0.34 66.60
111 11.00 10.71 0.29 55.89
112 11.00 10.76 0.24 45.13
113 11.00 10.80 0.20 34.33
114 11.00 10.85 0.15 23.48
115 11.00 10.90 0.10 12.58
116 11.00 10.94 0.06 1.64
117 1.65 1.64 0.01 0.00