Ura Saccos Loan Calculator

1. DISCLAIMER

(a) This app is not owned by URA-SACCOS.
(b) It was developed by a URA employee.
(c) No internet connection is required.
(d) No login is required.
(e) It is not connected to any systems.
(f) It has no database and is offline.

NB: By downloading this app, you agree that all data will remain your property. If you choose to share calculation data, it is at your own discretion.

2. MAIN OBJECTIVE

The main objective of This app is to help URA-SACCOS staff perform loan calculations before members access the ESS-MIKOPO system. It provides quick estimates to support informed decision-making.

3. TARGET USERS

(a) URA-SACCOS branch staff
(b) URA-SACCOS representatives
(c) URA-SACCOS members

4. KEY SCOPE

This is a loan calculator designed for internal use only. It helps estimate how much a member can borrow and the repayment plan. Results are for planning purposes and not final.

5. FEATURES

5.1 CALCULATOR INPUTS

Users can enter:

(a) Basic Salary
(b) Allowances
(c) Take-home
(d) Requested Loan Amount (optional)
(e) Repayment Period (optional)
(f) Deduction (optional)

5.2 MANDATORY FIELDS

(a) Basic Salary
(b) Allowances
(c) Take-home

5.3 OPTIONAL FIELDS (ENTER ONE OR MORE)

(a) Requested Loan Amount
(b) Repayment Period
(c) Deduction

6. CALCULATION SCENARIOS

(a) Enter only repayment period → App calculates deduction & loan
(b) Enter repayment period + deduction → App calculates loan
(c) Enter repayment period + loan → App calculates deduction
(d) Enter all fields → App checks consistency

7. VALIDATION RULES

(a) Wrong repayment period → Suggest correct one
(b) Invalid repayment duration → No result
(c) Inconsistent months & deduction → No result
(d) Inconsistent take-home & deduction → No result
(e) Inconsistent deduction & loan → No result
(f) In some cases → Suggestions shown in results

8. ON CALCULATE BUTTON

Displays:
(a) Take-Home
(b) Requested Loan Amount
(c) Total Loan + Interest
(d) Total Interest Paid
(e) Monthly Deduction
(f) Repayment Period
(g) Processing Fee (0.25%)
(h) Insurance Fee (1%)
(i) Final Disbursement Amount
(j) Option to Download Excel

9. ON AMORTIZATION BUTTON

Displays:
(a) Month Number
(b) Starting Balance
(c) Principal Payment
(d) Interest
(e) Ending Balance
(f) Option to Download Excel

10. CONTACT

IT Department – URA-SACCOS Dodoma
📞 +255 656 848 274
📧 [email protected]
📱 WhatsApp: +255 675 839 840
📲 Telegram: +255 738 144 353