Free money check-in

Money, in plain language

Fnsoko helps everyday Kenyans understand budgeting, saving and investing, without the jargon.

Information

  1. Home
  2. Tools
  3. Loan repayment

Loan and debt repayment

Find the true cost of a loan before you sign, and see how much a little extra each month saves you.

Start with my numbersHow to read the result
Freeno sign-up
KESKenyan numbers
Privatestays on your device

Your numbers

KSh
% a year
Reducing balance. For a monthly rate, multiply by 12.
months
KSh
Your result
Monthly repaymentKSh 14,404
Total interest
KSh 45,693
Total you repay
KSh 345,693
Cleared in
2 years
Today2 years
  • Balance owed

What this means for you

You would pay about KSh 14,404 a month. Over the loan, interest adds KSh 45,693, which means every KSh 100 you borrow costs about KSh 115 to pay back.

Try adding a small extra amount each month below. It is often surprising how much interest a few thousand shillings saves. This uses reducing balance interest and leaves out fees, so ask the lender for the total cost of credit in writing.

This is financial education, not financial advice. Results are estimates based on the numbers you enter, and any rates shown are illustrative.

How to read your result.

For anyone about to take a bank, SACCO or digital loan, or trying to clear one faster.

01

Monthly repayment

What leaves your account each month on a reducing balance loan. Check it fits inside your budget with room to spare, not just barely.

02

Total interest

The real price of borrowing. Fees, insurance and excise duty come on top, so ask the lender for the total cost of credit in writing.

03

Interest saved

Add an extra monthly payment to see how much interest you avoid and how many months you cut. Confirm first that your lender does not charge for paying early.

Where to go from here.

All free tools
Where does my salary actually go?

Smart Budget Planner

See where your monthly income goes and how much you can save, the average strict way.

Open the tool
How much should I save each month?

Savings Goal and Emergency Fund Calculator

Find out how much to put away each month to reach a goal or build a proper emergency cushion.

Open the tool
Planner

Fnsoko Budget Planner 2026

The paper version of this tool, month by month, for people who think better with a pen.

View the planner

Related reading.

The ideas behind this tool, explained properly. Each one takes a few minutes.

All articles
Budgeting

Stop “Watching” Your Money Disappear: How to Build a Budget That Actually Sticks

We’ve all been there. You check your bank account on a Tuesday, see a number that looks “fine,” and by Friday, you’re wondering where that last Ksh.2,000...

28 January 2026

Questions people ask.

What is the difference between flat and reducing balance interest?

With a flat rate, interest is charged on the full original amount for the whole loan. With reducing balance, it is charged only on what you still owe, so it falls as you pay. This calculator uses reducing balance. A flat rate that looks lower can cost more.

Does this include loan fees?

No. Processing fees, insurance and excise duty can add a lot. Ask the lender for the total cost of credit in writing and compare that number.

Should I pay extra or save the money?

If the loan is expensive and you already have an emergency cushion, extra payments are often one of the best returns you can get. Check first whether your lender charges for paying early.

Digital loans quote a monthly rate. How do I compare?

Multiply a monthly rate by twelve to get a rough annual rate. A loan at 5% a month is around 60% a year, which is useful to know before you tap accept.

Got your number? Let’s talk about it.

The Financial Clinic is a short, free check-in where we look at your actual goals and timelines together. No products to sell you.

Book my free check-inTry another tool