Question 1

Does the calculator use reducing-balance or flat interest?

Accepted Answer

It defaults to reducing balance, where interest each month is charged only on the outstanding principal, so the interest portion of every installment falls over the term. Flat-rate quotes common in Kenyan asset finance look cheaper on paper but the effective rate is usually 1.7–1.9x the flat rate — the tool converts both to a comparable effective annual rate (EIR).

Question 2

How do extra repayments change the result?

Accepted Answer

Any amount above the scheduled installment goes straight to principal, which shortens the term and compounds the interest saved. The tool shows the months removed and total interest avoided for a given monthly overpayment, so you can size a voluntary top-up before committing to a larger fixed installment.

Question 3

Are Ramon Gitau financial calculators compliant with 2026 Kenyan tax laws?

Accepted Answer

Yes. All financial calculators incorporate the latest 2026 statutory rates including PAYE tax bands, SHIF (2.75%), NSSF Tier I/II contributions, Affordable Housing Levy (1.5%), and SASRA regulatory limits.

Question 4

Is user data stored when using online financial tools?

Accepted Answer

No. All mathematical computations, PDF generation, and scenario simulations run 100% locally inside your browser using client-side JavaScript. No private data is logged or transmitted.

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