To calculate your loan amortization use the Loan Amortization Calculator tool available below to enter the loan amount and loan term (in months). The tool will then generate a simple amortization schedule, showing the monthly payment amount, the amount of interest and principal being paid each month. Adjust any of the inputs to see how it affects your amortization schedule, accordingly. The tool is designed to be user-friendly and provides a clear breakdown of the loan repayment schedule, helping borrowers plan and manage their finances effectively.
MAKE A CALCULATION
Calculate the loan amount and repayment schedule that aligns with the your financial goals and capabilities.
GATHER ALL PAPERWORK
Gather and prepare all necessary documentation to submit to the Eagmark for processing.
SUBMIT LOAN APPLICATION
Fill out the loan application form and attach all required documentation.
MONITOR LOAN STATUS
Monitor the loan application status and respond promptly to any queries or requests for additional information.
RECEIVE YOUR LOAN DISBURSEMENT
Receive the loan disbursement and make payments according to the agreed-upon schedule.
Apply for Working Capital Loans up to Ksh.250,000
1. The Enterprise Loan Package is designed for small agribusiness enterprises in need of financing up to Ksh. 500,000.
2. The loan has an interest rate of 10% per annum and a repayment period of 6 months.
3. The loan is repayable in equal monthly installments.
4. There is a processing fee of 3% of the loan amount charged upfront.
5. To qualify for the loan, the enterprise must have been in operation for at least 2 years and provide proof of consistent revenue generation.
6. Additionally, the loan applicant is required to provide security for the loan, which can be in the form of an asset such as land, machinery, or any other valuable property.