Ksh 1,000,000 loan at Access Bank Kenya for 1 years.
At Access Bank Kenya's current lending rate of 19.98%, a Ksh 1,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 92,625. Total cost: Ksh 1,111,499 (Ksh 111,499 interest).
Monthly repayment
Ksh 92,625
At 19.98% · 12 payments
Total repayment
Ksh 1,111,499
1.11× the borrowed amount
Total interest
Ksh 111,499
Ksh 25,906 more than industry avg
Year-by-year amortisation
How each payment splits between interest and principal over time.
| End of year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | Ksh 1,000,000 | Ksh 111,499 | Ksh 0 |
Could you get this cheaper?
Currently the cheapest Kenyan lender on this CBK dataset is Citibank N.A. Kenya at 10.36%. The same Ksh 1,000,000 loan over 1 years would run about Ksh 88,083/month — saving Ksh 54,498 in interest. See the Citibank N.A. Kenya version →