Commercial Loan

Loan is given to a maximum of 5 times of a members savings, Processing fee 1% of the loan amount, repayable within six (6) years at an interest rate of 15.5% per annum on reducing balance. The applicant must have at least a minimum of three guarantors.

Nyumba SACCO
Loan Calculator

Loan Amount?:

Number of Months? (#):

Annual Interest Rate?:

Payment Method?:

Monthly Payment:

Total Interest:

Total Principal & Interest:

Original Size

Loan Calculator Help...

Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments.

The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/loan-calculator

Currency and Date Conventions

All calculators will remember your choice. You may also change it at any time.

Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.