Ksh 10,000,000 loan at Access Bank Kenya for 25 years.
At Access Bank Kenya's current lending rate of 19.98%, a Ksh 10,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 167,683. Total cost: Ksh 50,304,954 (Ksh 40,304,953 interest).
Monthly repayment
Ksh 167,683
At 19.98% · 300 payments
Total repayment
Ksh 50,304,954
5.03× the borrowed amount
Total interest
Ksh 40,304,953
Ksh 10,853,062 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 15,573 | Ksh 1,996,625 | Ksh 9,984,427 |
| Year 2 | Ksh 34,559 | Ksh 3,989,837 | Ksh 9,965,441 |
| Year 3 | Ksh 57,706 | Ksh 5,978,888 | Ksh 9,942,294 |
| Year 4 | Ksh 85,926 | Ksh 7,962,866 | Ksh 9,914,074 |
| Year 5 | Ksh 120,330 | Ksh 9,940,660 | Ksh 9,879,670 |
| Year 6 | Ksh 162,274 | Ksh 11,910,915 | Ksh 9,837,726 |
| Year 7 | Ksh 213,410 | Ksh 13,871,977 | Ksh 9,786,590 |
| Year 8 | Ksh 275,752 | Ksh 15,821,833 | Ksh 9,724,248 |
| Year 9 | Ksh 351,757 | Ksh 17,758,026 | Ksh 9,648,243 |
| Year 10 | Ksh 444,418 | Ksh 19,677,563 | Ksh 9,555,582 |
| Year 11 | Ksh 557,386 | Ksh 21,576,793 | Ksh 9,442,614 |
| Year 12 | Ksh 695,111 | Ksh 23,451,267 | Ksh 9,304,889 |
| Year 13 | Ksh 863,019 | Ksh 25,295,557 | Ksh 9,136,981 |
| Year 14 | Ksh 1,067,724 | Ksh 27,103,050 | Ksh 8,932,276 |
| Year 15 | Ksh 1,317,290 | Ksh 28,865,682 | Ksh 8,682,710 |
| Year 16 | Ksh 1,621,549 | Ksh 30,573,621 | Ksh 8,378,451 |
| Year 17 | Ksh 1,992,486 | Ksh 32,214,882 | Ksh 8,007,514 |
| Year 18 | Ksh 2,444,716 | Ksh 33,774,851 | Ksh 7,555,284 |
| Year 19 | Ksh 2,996,051 | Ksh 35,235,713 | Ksh 7,003,949 |
| Year 20 | Ksh 3,668,213 | Ksh 36,575,750 | Ksh 6,331,787 |
| Year 21 | Ksh 4,487,679 | Ksh 37,768,481 | Ksh 5,512,321 |
| Year 22 | Ksh 5,486,733 | Ksh 38,781,626 | Ksh 4,513,267 |
| Year 23 | Ksh 6,704,731 | Ksh 39,575,826 | Ksh 3,295,269 |
| Year 24 | Ksh 8,189,654 | Ksh 40,103,101 | Ksh 1,810,346 |
| Year 25 | Ksh 10,000,000 | Ksh 40,304,953 | 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 25 years would run about Ksh 93,420/month — saving Ksh 22,278,938 in interest. See the Citibank N.A. Kenya version →