Free Calculator

SCRA Interest Savings Calculator

Enter the pre-service balance, the account's original APR, and months of active duty. Estimates the monthly interest savings and total interest forgiven under the SCRA 6% cap.

Pre-service balance ($)

Original APR (%)

Active-duty months

Monthly interest at original APR

$275.00

Monthly interest capped at 6%

$75.00

Monthly interest forgiven

$200.00

Total interest forgiven over service

$4800