Every lender shows you the monthly repayment. Few show you the total interest — the amount you hand over for the privilege of borrowing. This shows both, and what a small extra payment each month would save you.
Those ranges are rough illustrations of where Kenyan lending has tended to sit, not quotes and not offers. Your actual rate depends on the lender, your security and your record. Use the figure on your own offer letter if you have one. Note that many mobile and shop loans quote a monthly rate — multiply it by twelve before entering it here.
The loan is the part you get to spend. The interest is the price of not waiting.
Early repayments are mostly interest. Only later does the balance start falling quickly — which is why paying extra at the beginning is worth so much more than paying extra at the end.
This is the single cheapest way to reduce what a loan costs you, and almost nobody does it. Try a figure you could actually manage.
| Year | Paid in | To the loan | To interest | Still owing |
|---|
This is an estimate, not an offer. It assumes a reducing-balance loan with equal monthly repayments and a fixed rate, and ignores arrangement fees, insurance, excise duty and any charges your lender adds. Your lender's figures are the ones that count. Nothing here takes account of your own circumstances.