Ksh 10,000,000 loan at Access Bank Kenya for 5 years.
At Access Bank Kenya's current lending rate of 19.98%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 264,828. Total cost: Ksh 15,889,654 (Ksh 5,889,654 interest).
Monthly repayment
Ksh 264,828
At 19.98% · 60 payments
Total repayment
Ksh 15,889,654
1.59× the borrowed amount
Total interest
Ksh 5,889,654
Ksh 1,476,745 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 1,294,211 | Ksh 1,883,720 | Ksh 8,705,789 |
| Year 2 | Ksh 2,872,049 | Ksh 3,483,813 | Ksh 7,127,951 |
| Year 3 | Ksh 4,795,673 | Ksh 4,738,120 | Ksh 5,204,327 |
| Year 4 | Ksh 7,140,861 | Ksh 5,570,862 | Ksh 2,859,139 |
| Year 5 | Ksh 10,000,000 | Ksh 5,889,654 | 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 5 years would run about Ksh 214,246/month — saving Ksh 3,034,886 in interest. See the Citibank N.A. Kenya version →