SCRA Interest Rate Calculator

Calculate how much interest is forgiven under the Servicemembers Civil Relief Act (50 U.S.C. § 3937), which caps pre-service debt interest at 6% during active duty.

Military

Loan Balance: $15,000

Enter the outstanding balance on the pre-service debt.

Original Interest Rate: 22.99%

The APR on your loan before active duty. Average credit card APR in 2026 is approximately 21–24% (Federal Reserve G.19).

Months on Active Duty: 12

SCRA protection applies during the period of military service and, for mortgages, one year thereafter (50 U.S.C. § 3937(a)(1)(A)).

Total Interest Forgiven

$2,548.50

Monthly Savings

$212.38

SCRA Monthly Interest

$75.00

Without SCRA

$3,448.50

Source: 50 U.S.C. § 3937. The excess interest is forgiven, not deferred — your lender cannot collect it after service ends.