Loan Summary
Simion Ndonga (MS-001)
Normal Loan
KES 100,000.00
+ KES 5,000.00
KES 105,000.00
Reducing Balance Schedule
Monthly breakdown of interest and principal reduction.
| MONTH | INTEREST | PRINCIPAL | INSTALLMENT | BALANCE |
|---|---|---|---|---|
| Month 1 | KES 1,575.00 | KES 8,051.40 | KES 9,626.40 | KES 96,948.60 |
| Month 2 | KES 1,454.23 | KES 8,172.17 | KES 9,626.40 | KES 88,776.43 |
| Month 3 | KES 1,331.65 | KES 8,294.75 | KES 9,626.40 | KES 80,481.68 |
| Month 4 | KES 1,207.23 | KES 8,419.17 | KES 9,626.40 | KES 72,062.50 |
| Month 5 | KES 1,080.94 | KES 8,545.46 | KES 9,626.40 | KES 63,517.04 |
| Month 6 | KES 952.76 | KES 8,673.64 | KES 9,626.40 | KES 54,843.39 |
| Month 7 | KES 822.65 | KES 8,803.75 | KES 9,626.40 | KES 46,039.64 |
| Month 8 | KES 690.59 | KES 8,935.81 | KES 9,626.40 | KES 37,103.84 |
| Month 9 | KES 556.56 | KES 9,069.84 | KES 9,626.40 | KES 28,034.00 |
| Month 10 | KES 420.51 | KES 9,205.89 | KES 9,626.40 | KES 18,828.11 |
| Month 11 | KES 282.42 | KES 9,343.98 | KES 9,626.40 | KES 9,484.13 |
| Month 12 | KES 142.26 | KES 9,484.13 | KES 9,626.39 | KES 0.00 |