Compare monthly instalments across common bank and SACCO rates and terms.
Monthly repayment
KSh 35,157
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 281,969 | KSh 139,915 | KSh 718,031 |
| Year 2 | KSh 330,544 | KSh 91,340 | KSh 387,487 |
| Year 3 | KSh 387,487 | KSh 34,397 | KSh 0 |
A KSh 1,000,000 loan at 16% a year on reducing balance costs KSh 35,157 a month over 36 months, with total interest of KSh 265,653.
| Rate | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr |
|---|---|---|---|---|---|
| 12% | KSh 88,849 | KSh 47,073 | KSh 33,214 | KSh 26,334 | KSh 22,244 |
| 14% | KSh 89,787 | KSh 48,013 | KSh 34,178 | KSh 27,326 | KSh 23,268 |
| 16% | KSh 90,731 | KSh 48,963 | KSh 35,157 | KSh 28,340 | KSh 24,318 |
| 18% | KSh 91,680 | KSh 49,924 | KSh 36,152 | KSh 29,375 | KSh 25,393 |
| 20% | KSh 92,635 | KSh 50,896 | KSh 37,164 | KSh 30,430 | KSh 26,494 |
KSh 35,157 a month at 16% over 3 years. At 14% over 5 years it is KSh 23,268.
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.