Microfinance Loan Calculator

Enter a current microfinance offer. Model flat or reducing-balance interest, fees, monthly repayment, finance cost and effective annual rate.

User-entered offerFlat or reducing balanceLocal & free

Microfinance Loan Calculator

Enter mandatory fees withheld before disbursement; keep below the loan amount.
Monthly Repayment
Total Repayment
Finance Cost incl. Fees
Effective Annual Rate
Bank Loan Total
vs Bank Loan
The result assumes equal end-of-month repayments and no late payment. Add compulsory savings, insurance, membership charges, group penalties and other mandatory costs from the written offer before deciding.

Frequently Asked Questions

Microfinance repayment check

Estimate loan affordability before signing

Copy the loan amount, monthly rate, calculation method, term and mandatory upfront fees from the written offer.

  • Reducing balance: equal amortising payments on the outstanding principal.
  • Flat rate: equal principal plus interest charged on the original principal every month.
  • Effective annual rate: solved from net proceeds after entered upfront fees and monthly repayments.

Compare like for like: the bank comparison has no fee field, so add its mandatory costs before relying on the difference.

Frequently Asked Questions

Does the calculator load lender rates?

No. Every rate and fee comes from the offer values you enter.

Why are fees deducted from proceeds?

The APR cash flow assumes mandatory upfront fees reduce the money available to you while repayments remain based on the stated loan amount.

Does it test affordability?

No. Compare the repayment with stable disposable income and essential expenses separately.

What should I copy from the offer?
Use the disbursed amount, rate period, flat or reducing method, repayment dates, mandatory fees, insurance, compulsory savings and total repayment.
Why might the lender's APR differ?
Different fee treatment, day counts, repayment dates, insurance or compulsory deposits change the cash flow. Prefer the lender's regulated disclosure when it includes every mandatory cost.
Can I get a loan without collateral?
Eligibility, guarantees, group liability and collateral rules are provider-specific. Confirm them in the current written terms; this calculator does not assess approval.
Loan affordability check

Compare repayment cost before accepting terms

Estimate monthly repayment, total interest, effective annual rate, and bank-loan comparison before signing a microfinance offer.

Reviewed 2026

Local-first planning and document workflow. No official submission is performed.

What to check

  • Methodology: convert the stated monthly rate into repayment, total cost, interest, and effective annual rate across the selected tenor.
  • Verify APR, fees, insurance, collateral, guarantor rules, late penalties, reducing-balance terms, early repayment, and written repayment schedule.
  • Copy the summary before discussing terms with a lender, cooperative, accountant, or business partner.

Limitations

  • Disclaimer: planning estimate only, not lending advice, credit approval, investment advice, official rate disclosure, or a loan offer.
  • Microfinance pricing can include flat fees, compulsory savings, insurance, group penalties, and non-rate costs that this simple calculator may not capture.
  • Source/reference note: verify against the current lender offer letter, consumer-protection guidance, and local financial regulator requirements.
Review workflow output

Source/freshness note: verify current client, lender, customs, tax, document, or regulator requirements before relying on generated outputs.