Compare monthly instalments across common bank and SACCO rates and terms.
Monthly repayment
KSh 70,314
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 563,938 | KSh 279,831 | KSh 1,436,062 |
| Year 2 | KSh 661,088 | KSh 182,681 | KSh 774,974 |
| Year 3 | KSh 774,974 | KSh 68,795 | KSh 0 |
A KSh 2,000,000 loan at 16% a year on reducing balance costs KSh 70,314 a month over 36 months, with total interest of KSh 531,306.
| Rate | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr |
|---|---|---|---|---|---|
| 12% | KSh 177,698 | KSh 94,147 | KSh 66,429 | KSh 52,668 | KSh 44,489 |
| 14% | KSh 179,574 | KSh 96,026 | KSh 68,355 | KSh 54,653 | KSh 46,537 |
| 16% | KSh 181,462 | KSh 97,926 | KSh 70,314 | KSh 56,681 | KSh 48,636 |
| 18% | KSh 183,360 | KSh 99,848 | KSh 72,305 | KSh 58,750 | KSh 50,787 |
| 20% | KSh 185,269 | KSh 101,792 | KSh 74,327 | KSh 60,861 | KSh 52,988 |
KSh 70,314 a month at 16% over 3 years. At 14% over 5 years it is KSh 46,537.
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.