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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 
Aren 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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