Compare monthly instalments across common bank and SACCO rates and terms.
Monthly repayment
KSh 17,579
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 140,984 | KSh 69,958 | KSh 359,016 |
| Year 2 | KSh 165,272 | KSh 45,670 | KSh 193,744 |
| Year 3 | KSh 193,744 | KSh 17,199 | KSh 0 |
A KSh 500,000 loan at 16% a year on reducing balance costs KSh 17,579 a month over 36 months, with total interest of KSh 132,827.
| Rate | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr |
|---|---|---|---|---|---|
| 12% | KSh 44,424 | KSh 23,537 | KSh 16,607 | KSh 13,167 | KSh 11,122 |
| 14% | KSh 44,894 | KSh 24,006 | KSh 17,089 | KSh 13,663 | KSh 11,634 |
| 16% | KSh 45,365 | KSh 24,482 | KSh 17,579 | KSh 14,170 | KSh 12,159 |
| 18% | KSh 45,840 | KSh 24,962 | KSh 18,076 | KSh 14,688 | KSh 12,697 |
| 20% | KSh 46,317 | KSh 25,448 | KSh 18,582 | KSh 15,215 | KSh 13,247 |
KSh 17,579 a month at 16% over 3 years. At 14% over 5 years it is KSh 11,634.
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.