If my income is 16000 per month A good rule is to spend not more than 40% of my income. Let's go with 40% of 16000 ksh Monthly repayment is 1600*40%= kes 6,400 Loan amount kesh 25000 Monthly repayment kesh 6,400 Estimated time to repay ksh 25,000 = 4 months. Weekly plan: you can break down kes 6,400 per month into weekly repayment is 6400 /4=kes 1,600 Week 1,600(repeated for about 4 months)
Summary
Duration. Amount to pay Weekly. Kes 1,600 Monthly. Kes 6,400 Total months. 4 months
Let me keep it interest free for now.
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