Loan affordability calculator Zambia

The part of your take-home pay you can spare each month, less the loans you already repay, is the most you can repay. The largest loan those repayments clear at the rate and term you chose is what you can borrow.

Enough to still cover rent, food, transport and school fees each month. Your lender will apply its own limit and look at your payslip, so its answer may be lower.

Each month repays less of the loan, so the same repayment covers a bigger amount. You pay more interest in total, though: compare the totals.

A year, like most bank loans. For a loan quoted per month, use the microloan calculator.