Riba*: 10% kwa jumla (flat rate)
- Muda wa kulipa: Tutasema miezi 6 š 1. Monthly Repayment Plan (Miezi 6) Loan Amount: KES 25,000
- Total Interest: 10% ya 25,000 = KES 2,500
- Total Repayable: 25,000 + 2,500 = KES 27,500
- Monthly Installment: 27,500 Ć· 6 = KES 4,583.33 š 2. Weekly Repayment Plan (Wiki 24) Loan Period: 6 months = ~24 weeks
- Weekly Installment: 27,500 Ć· 24 = KES 1,145.83 š¼ 3. Income-Based Plan (kwa mfano unapata KES 1,000 daily)
- Let's say you set aside 20% of daily income for loan repayment:
- 20% of 1,000 = KES 200 per day
- Days needed to repay full KES 27,500 = 27,500 Ć· 200 = 138 days (~4.6 months) #SmartLoanPlan Summary:
| Option | Amount to Pay | Duration | Installment |
|---|---|---|---|
| Monthly | KES 27,500 | 6 months | KES 4,583.33 |
| Weekly | KES 27,500 | 24 weeks | KES 1,145.83 |
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