Am I Overpaying on My Loan?
Find out if you're paying too much interest compared to market rates. Calculate potential savings in 30 seconds.
Enter Your Loan Details
Why Check?
- ✓Most Kenyans overpay by 20-40% on loans
- ✓Average overpayment is KES 150,000 over loan lifetime
- ✓Takes 30 seconds to find out if you're overpaying
- ✓100% free, no registration required
How This Calculator Works
Real Market Data
We compare your rate against 80+ verified products from 40+ CBK-licensed institutions
Accurate Calculations
Uses reducing balance method (same as banks) for precise interest calculations
Real Savings
Shows exactly how much you can save by refinancing to a better rate
Common Questions
What if I'm overpaying?
You can refinance your loan with a different lender at a better rate. Most banks allow loan transfers. Check our personal loans comparison to find better options.
Is refinancing worth it?
If you're overpaying by more than KES 50,000, refinancing usually makes sense even with processing fees. Most people save KES 100,000+ over the loan lifetime.
How accurate are the market averages?
Updated weekly from 80+ verified products. Market rates vary by loan amount, your credit score, and employment type. This calculator shows general market averages.