Loan Amortization Schedule Kenya

Loan Amortization Schedule is a table which shows how much money, in relation to the loan principal and interest a borrower will be paying over time till the loan is cleared.

In Kenya there are many online loan calculators but cannot display an amortization schedule. 

What's Loan Amortization Schedule in Kenya

Loan Amortization Schedule is therefore a detailed information presented in a table form to help the customer to easily understand what they're pay in terms of principal and interest every month, year or whatever instalment arrived at during loan application.

Loan Amortization Schedule Kenya Example

Am going to give an example of a loan amortization schedule in Kenya. The details used are as follows; 

• Principal;  Ksh 100,000
• Interest rate; 12% per year (fixed) 
• Loan term; 24 months

Here is a screenshot from Aren online loan calculator 

Now ,here is the loan amortization schedule Kenya example for the above loan details; 

Period (Months)	Principal Balance (Ksh)	Principal Paid (Ksh)	Interest Paid (Ksh)	Amount Paid (Ksh)
0	100,000	0	0	0
1	95293	4166.67	540.33	4707
2	90586	4166.67	540.33	4707
3	85879	4166.67	540.33	4707
4	81172	4166.67	540.33	4707
5	76465	4166.67	540.33	4707
6	71758	4166.67	540.33	4707
7	67051	4166.67	540.33	4707
8	62344	4166.67	540.33	4707
9	57637	4166.67	540.33	4707
10	52930	4166.67	540.33	4707
11	48223	4166.67	540.33	4707
12	43516	4166.67	540.33	4707
13	38809	4166.67	540.33	4707
14	34102	4166.67	540.33	4707
15	29395	4166.67	540.33	4707
16	24688	4166.67	540.33	4707
17	19981	4166.67	540.33	4707
18	15274	4166.67	540.33	4707
19	10567	4166.67	540.33	4707
20	5860	4166.67	540.33	4707
21	1153	1153	540.33	1693.33
22	0	0	540.33	540.33
23	0	0	540.33	540.33
24	0	0	540.33	540.33

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