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CreditMoja Loan Calculator CreditMoja Loan Calculator Loan Amount (KSh): Repayment Term (Days): Interest Rate (% per day): Monthly Repayment (KSh): 0 Total Monthly Repayment (KSh): 0

Family Bank Loan Calculator Loan Amount (Kes): Annual Interest Rate (%): Term (months): Monthly Repayment (Kes): 0.00 Total Repayment (Kes): 0.00

A reducing balance loan is a type of loan where the interest is calculated on the outstanding balance of the loan rather than the original loan amount. This means as you make your monthly payments, a larger portion goes towards paying down the actual principal amount you borrowed, and a smaller portion goes towards interest. Reducing Balance Loan Calculator Reducing Balance Loan Calculator Principal Amount: Annual Interest Rate