Loan calculator
Every kwacha, worked out before you apply.
Move the sliders to see your fee, your instalment and the full month-by-month schedule. These are the same figures your application will use.
A 5% processing fee is added to the amount you request, then interest of 10% per month is charged on the balance still outstanding.
Your monthly instalment
ZMW 2,410.88
for 6 months
- Amount requested
- ZMW 10,000.00
- Processing fee (5%)
- ZMW 500.00
- Amount financed
- ZMW 10,500.00
- Total interest
- ZMW 3,965.27
- Total repayment
- ZMW 14,465.27
How the numbers are built.
The processing fee is financed, not deducted
The 5% fee is added on top of what you ask for, so if you request ZMW 5,000 you receive ZMW 5,000. The fee becomes part of the balance you repay.
Interest is charged on what you still owe
10% per month applies to the outstanding balance, not the original amount. As the balance falls, the interest portion of each instalment falls with it.
The instalment stays the same every month
We use standard PMT amortisation, so you pay an identical amount each month. Only the split between principal and interest changes.
Settling early costs nothing extra
Because interest accrues on the outstanding balance, paying ahead of schedule reduces what you owe. There is no early-settlement penalty.
No surprises after signing
The schedule you see here is the schedule in your agreement.
Happy with the numbers?
Your application uses exactly the figures shown above. You will see them once more on the review screen before anything is submitted.
