🏠 Mortgage & Property

African Mortgage
Repayment Calculator

Calculate your monthly repayments, total interest cost, and full amortisation schedule — using actual rates from Nigerian NHF, Kenya's Housing Finance, South Africa's major banks, and more.

🇳🇬 Nigeria NHF 6% 🇰🇪 Kenya ~13% 🇿🇦 SA Prime 10.25% 🇬🇭 Ghana ~28% 🌍 14 Countries 📊 Full Amortisation
Select Your Country
Loan Type
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LTV: 80% · Equity: 20%
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Monthly Repayment
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Principal + Interest
Loan Amount
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Total Interest
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Total Repaid
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Loan End Date
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Principal vs Interest breakdown —
Principal — Interest —
Year Monthly Payment Principal Interest Balance Remaining
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🏦 Current Rates by Country

🇳🇬 Nigeria NHF6%
🇳🇬 Nigeria Commercial15–28%
🇰🇪 Kenya12–17%
🇿🇦 South Africa10.25%
🇬🇭 Ghana24–36%
🇹🇿 Tanzania15–19%
🇺🇬 Uganda16–22%
🇪🇬 Egypt12–26%
🇲🇦 Morocco4–6%
🇪🇹 Ethiopia8–16%
🇧🇼 Botswana7–11%
🇷🇼 Rwanda14–19%
🇿🇲 Zambia16–28%
🇸🇳 Senegal7–12%

Rates as of Q1 2026. Always confirm with your lender.

💡 Key Concepts

NHF (Nigeria)
National Housing Fund. 6% fixed rate, max ₦50M loan, requires 6 months contribution
LTV (Loan-to-Value)
Most African banks require 10–30% down payment. Lower LTV = better rates
Amortisation
Each payment covers more principal over time as interest decreases
FLISP (South Africa)
First-time home buyer subsidy for earners R3,501–R22,000/month
KMRC (Kenya)
Kenya Mortgage Refinance Company enables affordable ~9% loans via partner banks

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This mortgage calculator helps home buyers across Africa estimate monthly repayments, total interest, and the full cost of a home loan. Enter the property price, down payment, interest rate, and loan term, and the tool generates a detailed amortisation schedule showing how each payment splits between principal and interest over the life of the loan. It supports calculations in multiple African currencies and accounts for varying interest rate structures. First-time buyers, property investors, and financial advisors use it to compare loan scenarios, understand affordability, and plan for one of the biggest financial commitments of their lives.

Frequently Asked Questions

What is the NHF (National Housing Fund) in Nigeria?
NHF is a government scheme requiring 2.5% of salary contribution. After 6 months, you qualify for loans up to ₦50M at a subsidised 6% rate — much lower than commercial bank rates of 18–26%.
How much deposit do I need for a mortgage in Africa?
Deposit requirements vary: Nigeria requires 10–30%, Kenya 10–20%, South Africa as low as 0% for qualifying buyers (FLISP), Ghana 20–30%. Higher deposits mean lower rates.
Why are mortgage rates so high in Ghana?
Ghana's mortgage rates (25–32%) reflect the central bank's policy rate (29%) and high inflation. They're tied to T-bill rates. The Ghana Home Loans (GHL) scheme offers some relief for formal sector workers.
What is the maximum mortgage term in Africa?
Nigeria: up to 30 years (NHF), 15–20 years (commercial). Kenya: up to 25 years. South Africa: up to 30 years. Ghana: up to 20 years. Most banks require full repayment before retirement age.
Should I use a fixed or variable rate mortgage?
Most African mortgages are variable rate, tied to the central bank rate. Fixed rates offer predictability. In high-inflation environments like Nigeria, variable rates carry more risk — budget for rate increases.
What other costs should I budget for beyond the mortgage?
Budget for: Stamp Duty (1.5–8% in most countries), legal fees (1–2%), valuation fees, estate agent commission (3–5%), and home insurance. Use the Stamp Duty Calculator for your country's exact costs.