SACCO Loan vs Bank Loan Calculator

SACCO Loan vs. Bank Loan Calculator

Compare the true cost of borrowing to make the smartest financial decision.

Common Loan Details

How much do you want to borrow? (KES)

Loan Term (in Years)

SACCO Loan Details

Annual Interest Rate (%) Usually on reducing balance.

Deposits Multiplier Loan is typically 3x or 4x your deposits.

Your Current Deposits (KES)

Annual Dividend Rate on Deposits (%)

Bank Loan Details

Annual Interest Rate (%)

Total Upfront Fees (KES) Processing, insurance, legal fees, etc.

Loan Comparison Summary

Metric

SACCO Loan

Bank Loan

Monthly Payment

Total Interest Paid

Required Upfront Cash

Dividends Earned (Benefit)

N/A

Total Effective Cost

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