Compare monthly instalments across common bank and SACCO rates and terms.
Monthly repayment
KSh 10,547
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 84,591 | KSh 41,975 | KSh 215,409 |
| Year 2 | KSh 99,163 | KSh 27,402 | KSh 116,246 |
| Year 3 | KSh 116,246 | KSh 10,319 | KSh 0 |
A KSh 300,000 loan at 16% a year on reducing balance costs KSh 10,547 a month over 36 months, with total interest of KSh 79,696.
| Rate | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr |
|---|---|---|---|---|---|
| 12% | KSh 26,655 | KSh 14,122 | KSh 9,964 | KSh 7,900 | KSh 6,673 |
| 14% | KSh 26,936 | KSh 14,404 | KSh 10,253 | KSh 8,198 | KSh 6,980 |
| 16% | KSh 27,219 | KSh 14,689 | KSh 10,547 | KSh 8,502 | KSh 7,295 |
| 18% | KSh 27,504 | KSh 14,977 | KSh 10,846 | KSh 8,813 | KSh 7,618 |
| 20% | KSh 27,790 | KSh 15,269 | KSh 11,149 | KSh 9,129 | KSh 7,948 |
KSh 10,547 a month at 16% over 3 years. At 14% over 5 years it is KSh 6,980.
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.