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Loan Calculator

Loans are easier to repay when you plan properly. Set a loan amount and your preferred repayment time below...

Calculate Repayment
₦
₦0₦250,000

Total Repayment

₦127,000.00

If you take a loan of ₦100,000.00 at a monthly interest rate of 9%, you`ll repay ₦42,333.00 monthly for 1 month.

This repayment amount is an estimate. You`ll get an exact amount when you apply for a loan. Terms and Conditions apply.

Principal

₦100,000.00

Loan limit

₦250,000

Interest

₦27,000.00

Monthly repayment

₦42,333.00

Monthly Interest

₦9,000.00

Number of Repayments

1

Loan Calculator FAQs

How do I use the loan calculator?

Just set the amount you’d like to borrow and how long you’d like to borrow for. The calculator will show you the interest rate, the actual amount of interest you’ll pay, and your monthly repayment for the duration of the loan.

Why should I use a loan calculator?

A loan calculator makes it easy for you to see how much you’ll repay if you take a loan. This will help you to compare loans at different interest rates, decide if you should take a loan or not, and plan your finances so you can repay a loan conveniently.

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If you would like to find out more about which Kuda entity you receive services from, please reach out to us via the in-app chat in the Kuda app. Nigerian banking services offered by Kuda Microfinance Bank (RC796975) with registered address at 1-11 Commercial Avenue, Yaba, Lagos, Nigeria. Kuda Microfinance Bank is licensed by the Central Bank of Nigeria. Deposits are insured by the Nigerian Deposit Insurance Corporation (NDIC).

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