Loan calculator
Work out your repayment before you apply
Interest is calculated on a reducing balance at 1.25%–1.5% per month, so you only pay interest on the balance still outstanding.
Your details
Up to 3× your deposits · Up to 36 months
Estimated monthly repayment
KES 8,728
- Total interest
- KES 29,462
- Total repayable
- KES 209,462
- Loan amount
- KES 180,000
- Over
- 24 months
Eligibility check
- Within your entitlement of KES 180,000 (3× your deposits) — met
- Repayment stays within 66% of your net income (KES 29,700) — met
- Repaid within the 36-month maximum for this loan category — met
While repaying a loan of this size, your minimum monthly contribution would be KES 1,800 (KES 160,001 – 180,000).
How this works
The same method the Sacco uses
Repayments are calculated as a level monthly instalment on a reducing balance. Each instalment covers the interest accrued on the outstanding balance for that month, and the remainder reduces the principal — so the interest portion falls every month while your instalment stays the same.
The eligibility checks reflect the Sacco’s published lending rules: loans are limited to 3 times your deposits (5 times for micro-credit), repayments should not exceed 66% of your net income, and the repayment period may not exceed 36 months.
Please note: this calculator gives an estimate for planning purposes only. It is not an offer of credit. Your final amount, rate and repayment period are set by the Credit Committee after appraisal, and no loan may exceed 5% of the society’s capital or the combined deposits of you and your guarantors.