HAKUNA MATATA 2 LOAN (STRICTLY DEPOSITS MULTIPLIER) amount to be advanced is given based on 1/3 rule, Loan is paid off immediately after any one of the offsetting six guarantorship loan/self-guarantee loan is disbursed. Period is three months’ Maximum whereby the offsetting Loan is Third Party Secured to enable completion of the charging process at an interest rate of 10% Flat Rate. Processing fee Kes.100.
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.