Compare monthly instalments across common bank and SACCO rates and terms.
Monthly repayment
KSh 175,785
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 1,409,845 | KSh 699,577 | KSh 3,590,155 |
| Year 2 | KSh 1,652,720 | KSh 456,702 | KSh 1,937,435 |
| Year 3 | KSh 1,937,435 | KSh 171,987 | KSh 0 |
A KSh 5,000,000 loan at 16% a year on reducing balance costs KSh 175,785 a month over 36 months, with total interest of KSh 1,328,266.
| Rate | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr |
|---|---|---|---|---|---|
| 12% | KSh 444,244 | KSh 235,367 | KSh 166,072 | KSh 131,669 | KSh 111,222 |
| 14% | KSh 448,936 | KSh 240,064 | KSh 170,888 | KSh 136,632 | KSh 116,341 |
| 16% | KSh 453,654 | KSh 244,816 | KSh 175,785 | KSh 141,701 | KSh 121,590 |
| 18% | KSh 458,400 | KSh 249,621 | KSh 180,762 | KSh 146,875 | KSh 126,967 |
| 20% | KSh 463,173 | KSh 254,479 | KSh 185,818 | KSh 152,152 | KSh 132,469 |
KSh 175,785 a month at 16% over 3 years. At 14% over 5 years it is KSh 116,341.
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.