Use this business loan calculator Kenya to see your monthly repayment, total interest and total cost on a reducing-balance loan. The default values mimic a typical SME working-capital loan.
Standard reducing-balance amortisation. Real bank pricing may include arrangement fees and insurance.
Kenyan banks lend on reducing balance: interest accrues on the outstanding amount, so each payment is part interest and part principal. Most SACCO loans also use reducing balance.
Some informal lenders quote a flat rate (e.g. "2% per month flat"). On flat rates the interest is calculated on the original amount each period, making the effective rate roughly double.
Finally a tool that gets Kenyan tax rules right. Zero KRA rejections since using this.
Accurate and saves me hours every month. The breakdown is clear and my staff finally understand their deductions.
Exactly what I needed. Calculated costs before ordering and saved a fortune on import duties.
Very helpful. Only thing missing is export to CSV but overall excellent.
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