Question 1

How does the Loan Calculator work?

Accepted Answer

The Loan Calculator uses the latest Kenya tax rates and regulations to provide accurate calculations.

Question 2

Is the Loan Calculator free to use?

Accepted Answer

Yes, the Loan Calculator is completely free to use. No registration or payment required.

Question 3

Are the calculations accurate?

Accepted Answer

Yes, our Loan Calculator uses the most current Kenya Revenue Authority (KRA) rates and government regulations to ensure accuracy.

Question 4

Can I use this calculator on mobile?

Accepted Answer

Yes, the Loan Calculator is fully responsive and works perfectly on mobile devices, tablets, and desktop computers.

Question 5

How do I calculate loan repayments?

Accepted Answer

Loan repayments are calculated using the principal amount, interest rate, and loan term. Our calculator uses the standard amortization formula.

Question 6

What factors affect loan interest rates?

Accepted Answer

Factors include your credit score, loan amount, loan term, type of loan, and prevailing market interest rates.

Question 7

What is the difference between fixed and variable interest rates?

Accepted Answer

Fixed rates remain constant throughout the loan term, while variable rates can change based on market conditions.

#	Principal	Interest	Payment	Balance	Cum. interest
1	18,173.11	5,833.33	24,006.44	481,826.89	5,833.33
2	18,385.13	5,621.31	24,006.44	463,441.76	11,454.65
3	18,599.62	5,406.82	24,006.44	444,842.14	16,861.47
4	18,816.62	5,189.82	24,006.44	426,025.53	22,051.29
5	19,036.14	4,970.3	24,006.44	406,989.38	27,021.59
6	19,258.23	4,748.21	24,006.44	387,731.15	31,769.8
7	19,482.91	4,523.53	24,006.44	368,248.24	36,293.33
8	19,710.21	4,296.23	24,006.44	348,538.03	40,589.56
9	19,940.16	4,066.28	24,006.44	328,597.86	44,655.84
10	20,172.8	3,833.64	24,006.44	308,425.06	48,489.48
11	20,408.15	3,598.29	24,006.44	288,016.91	52,087.77
12	20,646.24	3,360.2	24,006.44	267,370.67	55,447.97
13	20,887.12	3,119.32	24,006.44	246,483.55	58,567.29
14	21,130.8	2,875.64	24,006.44	225,352.75	61,442.93
15	21,377.33	2,629.12	24,006.44	203,975.42	64,072.05
16	21,626.73	2,379.71	24,006.44	182,348.7	66,451.76
17	21,879.04	2,127.4	24,006.44	160,469.66	68,579.16
18	22,134.3	1,872.15	24,006.44	138,335.36	70,451.31
19	22,392.53	1,613.91	24,006.44	115,942.83	72,065.22
20	22,653.78	1,352.67	24,006.44	93,289.06	73,417.89
21	22,918.07	1,088.37	24,006.44	70,370.99	74,506.26
22	23,185.45	820.99	24,006.44	47,185.54	75,327.26
23	23,455.94	550.5	24,006.44	23,729.6	75,877.75
24	23,729.6	276.85	24,006.44	0	76,154.6

Loan Calculator

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