Tala Loan Calculator - Kenya

How to Use the Tala Loan Calculator Tool:

1. Enter Your Desired Loan Amount: Input the loan amount in Kenyan Shillings (KSh).
2. Enter the Loan Duration: Specify the loan duration in whole months (e.g., for a six-month loan, enter 6). Please avoid using decimal values like 6.5 months.
3. Enter the Expected Interest Rate: Input the annual interest rate as a percentage (e.g., for 5%, enter 5).
4. Click to Calculate: Press the calculate button to instantly see your loan details.
5. View Results: The tool will immediately display the following results:
   • Monthly Payment: The amount you need to pay each month.
   • Total Repayment: The total amount you will repay over the loan term.
   • Total Interest Paid: The total interest charged over the loan duration.

Key Features of the Loan Calculator:

• Instant Simple Interest Calculation: Get accurate loan estimates in seconds.
• Estimated Monthly Payments: See your monthly payment, loan interest, and total repayment amount instantly.
• Financial Planning: Use the calculator to plan and manage your finances better.

Need a Personal Loan in Kenya?

For personal loans of up to KSh 30,000, try the Tala Loan App. Here's how:

1. Download the App.
2. Answer a few simple questions.
3. Submit your loan application.
4. Get Loan Approval in Minutes: Most approvals are quick, and the loan amount is sent directly to your M-PESA account.

It’s fast, easy, and hassle-free. Download the Tala Loan App to apply today!