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Loan Repayment Calculator – Flat vs Reducing Balance
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Loan Repayment Calculator
Loan Repayment: Flat Rate vs Reducing Balance
Compare your monthly repayment and
total interest under a simple flat rate loan versus a
standard reducing balance (amortized) loan.
Nominal annual rate, not APR. Calculator assumes monthly repayments.
Choose whether the number above is in years or
in months. Repayments are calculated monthly.
Please enter a positive loan amount, interest rate and term.
Monthly Repayment (Reducing Balance)
Waiting for numbers…
KES 0.00
0 months
Reducing balanceStandard amortized
Monthly payment
KES 0.00
Total interest
KES 0.00
Total paid
KES 0.00
Flat rateSimple interest
Monthly payment
KES 0.00
Total interest
KES 0.00
Total paid
KES 0.00
Total interest – Flat vs Reducing
Flat rate interest
Reducing balance interest
This tool is a guide only. Actual repayment schedules may vary across
lenders based on fees, compounding frequency, and exact product
terms. Always confirm with your bank, SACCO, or lender.
