How does the Loan Calculator work?

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

Is the Loan Calculator free to use?

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

Are the calculations accurate?

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

Can I use this calculator on mobile?

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

How do I calculate loan repayments?

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

What factors affect loan interest rates?

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

What is the difference between fixed and variable interest rates?

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

Calculators / Loan Calculator

Loan Calculator

Loan type

No collateral required

Loan amount

KES

Duration

Interest rate

Typical range: 13% – 18%

Method & fees

Calculation method

Reducing balanceFlat rate

Include loan fees & charges

Origination fee

= KES 7,500

Processing fee (fixed)

KES

Arrangement fee

= KES 0

KES 24,006.44

Monthly payment · Reducing balance

Total interestKES 76,154.59

Total feesKES 8,500

Total repaymentKES 576,154.6

Total cost of creditKES 584,654.59

Effective APR8.47%

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Amortization schedule (24 payments)

#	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

For informational purposes only. Confirm rates with your lender. See CBK Total Cost of Credit Portal.

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How to use this calculator

Enter your details below to use the Loan Calculator. Results update as you change inputs.

Definition

Calculate your Loan Repayments

Planning loan repayments

Amortization spreads interest and principal over the term. Compare rates and tenors before you commit — a longer term lowers the monthly payment but usually increases total interest paid.

Loan Calculator FAQ

Answers specific to this calculator and Kenya rules.

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