Loan repayment calculator (Kenya, 2026): monthly payment + total interest

How loan repayment works

A standard term loan with fixed monthly payments uses the amortisation formula: each month you pay a constant amount, of which a portion goes to interest (calculated on the remaining balance) and the rest reduces the principal. Early payments are mostly interest, late payments are mostly principal.

Typical Kenyan rates in 2026

Bank personal loans: 13 to 18% annual
Mortgage: 13 to 16% annual
SACCO loans: 12 to 14% annual on a reducing balance
Asset finance: 14 to 18% annual
Mobile lender apps: not directly comparable, see specific calculators

Frequently asked

What rate should I use?

For Kenyan banks, 14 to 16% annual is typical for a personal loan in 2026. Check the lender's offer letter for the exact APR. SACCO rates are lower, around 12 to 14% on a reducing balance basis.

Does this include arrangement fees?

No. The calculator shows pure interest cost. Add any one-off arrangement fee, legal fees, and insurance to the total cost picture before deciding.

What if my rate changes during the loan?

This calculator assumes a fixed rate. Variable-rate loans (most Kenyan mortgages link to CBR plus a margin) reprice when CBR moves. Use the current rate as a baseline, then re-run the calculator each time the rate changes.

Can I see the amortisation schedule?

Not in this calculator. For an in-depth amortisation schedule, contact your lender, most issue one with the offer letter. We may add a schedule view in a future update.