Ksh 10,000,000 loan at Access Bank Kenya for 15 years.
At Access Bank Kenya's current lending rate of 19.98%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 175,482. Total cost: Ksh 31,586,744 (Ksh 21,586,744 interest).
Monthly repayment
Ksh 175,482
At 19.98% · 180 payments
Total repayment
Ksh 31,586,744
3.16× the borrowed amount
Total interest
Ksh 21,586,744
Ksh 5,849,524 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 118,222 | Ksh 1,987,561 | Ksh 9,881,778 |
| Year 2 | Ksh 262,353 | Ksh 3,949,213 | Ksh 9,737,647 |
| Year 3 | Ksh 438,069 | Ksh 5,879,279 | Ksh 9,561,931 |
| Year 4 | Ksh 652,295 | Ksh 7,770,837 | Ksh 9,347,705 |
| Year 5 | Ksh 913,468 | Ksh 9,615,446 | Ksh 9,086,532 |
| Year 6 | Ksh 1,231,878 | Ksh 11,402,820 | Ksh 8,768,122 |
| Year 7 | Ksh 1,620,067 | Ksh 13,120,413 | Ksh 8,379,933 |
| Year 8 | Ksh 2,093,329 | Ksh 14,752,934 | Ksh 7,906,671 |
| Year 9 | Ksh 2,670,307 | Ksh 16,281,740 | Ksh 7,329,693 |
| Year 10 | Ksh 3,373,730 | Ksh 17,684,100 | Ksh 6,626,271 |
| Year 11 | Ksh 4,231,308 | Ksh 18,932,304 | Ksh 5,768,692 |
| Year 12 | Ksh 5,276,827 | Ksh 19,992,568 | Ksh 4,723,173 |
| Year 13 | Ksh 6,551,472 | Ksh 20,823,706 | Ksh 3,448,528 |
| Year 14 | Ksh 8,105,457 | Ksh 21,375,504 | Ksh 1,894,543 |
| Year 15 | Ksh 10,000,000 | Ksh 21,586,744 | 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 10,000,000 loan over 15 years would run about Ksh 109,674/month — saving Ksh 11,845,504 in interest. See the Citibank N.A. Kenya version →