Compare monthly instalments across common bank and SACCO rates and terms.
Monthly repayment
KSh 3,516
for 36 months
Bank processing fees, insurance and excise duty are extra; ask for the annual percentage rate (APR).
| Principal | Interest | Balance | |
|---|---|---|---|
| Year 1 | KSh 28,197 | KSh 13,992 | KSh 71,803 |
| Year 2 | KSh 33,054 | KSh 9,134 | KSh 38,749 |
| Year 3 | KSh 38,749 | KSh 3,440 | KSh 0 |
A KSh 100,000 loan at 16% a year on reducing balance costs KSh 3,516 a month over 36 months, with total interest of KSh 26,565.
| Rate | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr |
|---|---|---|---|---|---|
| 12% | KSh 8,885 | KSh 4,707 | KSh 3,321 | KSh 2,633 | KSh 2,224 |
| 14% | KSh 8,979 | KSh 4,801 | KSh 3,418 | KSh 2,733 | KSh 2,327 |
| 16% | KSh 9,073 | KSh 4,896 | KSh 3,516 | KSh 2,834 | KSh 2,432 |
| 18% | KSh 9,168 | KSh 4,992 | KSh 3,615 | KSh 2,938 | KSh 2,539 |
| 20% | KSh 9,263 | KSh 5,090 | KSh 3,716 | KSh 3,043 | KSh 2,649 |
KSh 3,516 a month at 16% over 3 years. At 14% over 5 years it is KSh 2,327.
Most Kenyan bank and SACCO loans use reducing balance amortization, where each monthly payment is the same amount but the portion going to interest shrinks over time as the outstanding principal falls.
Kenyan bank mortgage rates commonly range from around 13% to 18% per year depending on the lender and your risk profile; check with your specific bank for their current rate.
Yes, enter your SACCO loan principal, its stated annual interest rate, and the repayment period in months to see the same reducing-balance breakdown.
Estimates for guidance only, not tax, legal or financial advice. Confirm with KRA, your employer or the provider for exact figures. How we calculate.