Loan Offer Comparison. Enter your own figures, review the method and download a local financial report.
Workspace
Difference in borrowing costKSh 48,845.40
Upfront deductions give different cash proceeds. Review both offers; a cheapest-offer claim would require equivalent financing needs.
Offer A effective annual cost
16.1%
Offer B effective annual cost
26.45%
Financial comparison
Offer A balance
Offer B balance
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Offer comparison
Offer comparison
Item
Offer A
Offer B
Net proceeds KSh
495,000
490,000
Regular payment KSh
24,006.44
25,833.33
Total payments KSh
576,154.6
620,000
Borrowing cost KSh
81,154.6
130,000
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Method, assumptions & sources
Nominal annual rate divided by repayments per year. Payments and interest round to cents, with the final payment adjusted to clear the balance. Effective annual cost is the IRR of actual repayments versus net proceeds, annualised for the selected frequency.
Upfront fees are deducted from proceeds, so they are not added again to instalments. Flat-rate extra repayments need contract-specific rebate terms and are not inferred. Actual lenders may use different dates, day counts and fees.
More schedules, imports and original worksheet options
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Useful to know
Which assumptions are used in the result?
The calculation uses the values and options entered in the workspace. Financial scenarios do not insert current market rates, taxes or lender offers. The method and tool limits are shown so you can assess whether they fit your task.
Where are my files and inputs processed?
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