kama zile za ebee zinasumbua watu what about this. How much are you selling on cash basis?
Cost of the e-bike: 171,000 (e-bike) + 11,682 (12-month insurance) + 3700 (NTSA transfer fee) = 186,382 KES
Down payment: 17,000 KES
Balance to repay: 169,382 KES (Total cost 186,382 - deposit 17,000)
Repayment duration: 12 months = 365 days
Daily repayment: 487 KES (464 per day + interests)
Total interests by the end of the loan: 7,922