Loan repayment calculators for Africa
Compute your monthly payment, total interest cost, and effective APR (including origination fees) on any bank, neobank, or subsidised loan. Nigeria live; rest of the continent ships in Stage B.
Why an African loan calculator?
Loan calculation — the standard amortizing-loan formula — is the same math worldwide. What differs sharply is the rates that apply and how they are quoted. Western calculators assume APRs of 6 to 12% and a single lender type. In African markets, commercial bank lending rates often run 25–35%, digital lenders frequently quote rates monthly (5–30%/month, which annualises to 60–360% APR), and subsidised development bank loans can come in at 9–20% APR for eligible MSMEs.
Our Nigeria calculator starts with realistic CBN-aligned defaults and flags the monthly-vs-annual APR confusion that costs borrowers the most. You can manually tune the rate, term, and origination fee to see the true effective APR and a full amortization schedule.