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Loan Repayment Calculator

Calculate estimated monthly loan repayments in Kenya. Enter your loan amount, interest rate, and repayment period to estimate your monthly instalment and total repayment.

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Get your result

Use this Loan Repayment Calculator to estimate how much you may pay each month for a loan. Enter the loan amount, interest rate, and repayment period to get an estimated repayment amount. The calculator can help you compare loan options and understand how changes in the loan amount, interest rate, or repayment period may affect your monthly financial commitment.

Works for bank loans, SACCO loans, mortgages & mobile loans

Reducing balance — interest charged on outstanding balance each month. Used by most banks and SACCOs.

KES
%
months
How it works

Understanding the Loan Repayment Calculator

1. Enter the total amount you want to borrow.
2. Enter the annual interest rate.
3. Select or enter the loan repayment period.
4. The calculator uses the selected loan calculation method.
5. Your estimated repayment amount is calculated.
6. Review your estimated monthly repayment and total repayment amount.

A longer repayment period may reduce the monthly instalment but can increase the total amount paid over the life of the loan.

FAQs

Common questions

How is a loan repayment calculated?

A loan repayment is generally calculated using the loan amount, interest rate, repayment period, and the lender's interest calculation method.

What information do I need to calculate my monthly loan repayment?

You need the amount you want to borrow, the applicable interest rate, and the repayment period.

Does a lower monthly repayment mean the loan is cheaper?

Not always. A longer repayment period can reduce your monthly instalment while increasing the total interest paid over the full loan period.

Does this calculator include bank fees and insurance?

The estimate may not include lender-specific charges such as processing fees, insurance, penalties, account fees, or other charges unless they are specifically included in the calculator.

Can I use this calculator to compare different loans?

Yes. Try different loan amounts, interest rates, and repayment periods to compare how different loan options may affect your estimated monthly repayment.