Compare monthly instalments across common bank and SACCO rates and terms.
Monthly repayment
KSh 105,471
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 845,907 | KSh 419,746 | KSh 2,154,093 |
| Year 2 | KSh 991,632 | KSh 274,021 | KSh 1,162,461 |
| Year 3 | KSh 1,162,461 | KSh 103,192 | KSh 0 |
A KSh 3,000,000 loan at 16% a year on reducing balance costs KSh 105,471 a month over 36 months, with total interest of KSh 796,960.
| Rate | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr |
|---|---|---|---|---|---|
| 12% | KSh 266,546 | KSh 141,220 | KSh 99,643 | KSh 79,002 | KSh 66,733 |
| 14% | KSh 269,361 | KSh 144,039 | KSh 102,533 | KSh 81,979 | KSh 69,805 |
| 16% | KSh 272,193 | KSh 146,889 | KSh 105,471 | KSh 85,021 | KSh 72,954 |
| 18% | KSh 275,040 | KSh 149,772 | KSh 108,457 | KSh 88,125 | KSh 76,180 |
| 20% | KSh 277,904 | KSh 152,687 | KSh 111,491 | KSh 91,291 | KSh 79,482 |
KSh 105,471 a month at 16% over 3 years. At 14% over 5 years it is KSh 69,805.
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.