#SmartLoanPlan Got it! Let’s break down repayment options for a KSh 25,000 loan based on three approaches:

Assumptions (You can adjust these later): Interest rate: 10% annual (simple interest for easier math)

Term: 1 year (12 months / 52 weeks)

Total repayment amount = KSh 25,000 + (10% of 25,000) = KSh 27,500

📅 Option 1: Weekly Repayment (52 weeks) KSh 27,500 ÷ 52 = KSh 529 per week

You’ll pay KSh 529 every week for one year.

📆 Option 2: Monthly Repayment (12 months) KSh 27,500 ÷ 12 = KSh 2,292 per month

You’ll pay KSh 2,292 every month for one year.

💼 Option 3: Based on Your Income Let’s say your monthly income is KSh 10,000. A safe rule is to allocate no more than 30% of your income to loan repayment:

30% of 10,000 = KSh 3,000 per month

So you could afford to pay KSh 3,000/month, which repays the loan in:

KSh 27,500 ÷ 3,000 ≈ 9.2 months

You’d be done in about 9 months instead of 12.

Would you like a downloadable repayment schedule (PDF or Excel), or should I adjust it based on your actual income and preferred term?

You said: yes

ChatGPT said: Here's your customized Loan Repayment Plan in Excel format:

👉 Download Loan_Repayment_Plan.xlsx

It includes three sheets:

Weekly Repayment Plan

Monthly Repayment Plan

Income-Based Plan (assuming KSh 10,000 monthly income with 30% allocated to loan)