Ksh 2,000,000 loan at Access Bank Kenya for 25 years.
At Access Bank Kenya's current lending rate of 19.98%, a Ksh 2,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 33,537. Total cost: Ksh 10,060,992 (Ksh 8,060,991 interest).
Monthly repayment
Ksh 33,537
At 19.98% · 300 payments
Total repayment
Ksh 10,060,992
5.03× the borrowed amount
Total interest
Ksh 8,060,991
Ksh 2,170,612 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 3,115 | Ksh 399,325 | Ksh 1,996,885 |
| Year 2 | Ksh 6,912 | Ksh 797,967 | Ksh 1,993,088 |
| Year 3 | Ksh 11,541 | Ksh 1,195,778 | Ksh 1,988,459 |
| Year 4 | Ksh 17,185 | Ksh 1,592,573 | Ksh 1,982,815 |
| Year 5 | Ksh 24,066 | Ksh 1,988,132 | Ksh 1,975,934 |
| Year 6 | Ksh 32,455 | Ksh 2,382,183 | Ksh 1,967,545 |
| Year 7 | Ksh 42,682 | Ksh 2,774,395 | Ksh 1,957,318 |
| Year 8 | Ksh 55,150 | Ksh 3,164,367 | Ksh 1,944,850 |
| Year 9 | Ksh 70,351 | Ksh 3,551,605 | Ksh 1,929,649 |
| Year 10 | Ksh 88,884 | Ksh 3,935,513 | Ksh 1,911,116 |
| Year 11 | Ksh 111,477 | Ksh 4,315,359 | Ksh 1,888,523 |
| Year 12 | Ksh 139,022 | Ksh 4,690,253 | Ksh 1,860,978 |
| Year 13 | Ksh 172,604 | Ksh 5,059,111 | Ksh 1,827,396 |
| Year 14 | Ksh 213,545 | Ksh 5,420,610 | Ksh 1,786,455 |
| Year 15 | Ksh 263,458 | Ksh 5,773,136 | Ksh 1,736,542 |
| Year 16 | Ksh 324,310 | Ksh 6,114,724 | Ksh 1,675,690 |
| Year 17 | Ksh 398,497 | Ksh 6,442,976 | Ksh 1,601,503 |
| Year 18 | Ksh 488,943 | Ksh 6,754,970 | Ksh 1,511,057 |
| Year 19 | Ksh 599,210 | Ksh 7,047,143 | Ksh 1,400,790 |
| Year 20 | Ksh 733,643 | Ksh 7,315,150 | Ksh 1,266,357 |
| Year 21 | Ksh 897,536 | Ksh 7,553,696 | Ksh 1,102,464 |
| Year 22 | Ksh 1,097,347 | Ksh 7,756,325 | Ksh 902,653 |
| Year 23 | Ksh 1,340,946 | Ksh 7,915,165 | Ksh 659,054 |
| Year 24 | Ksh 1,637,931 | Ksh 8,020,620 | Ksh 362,069 |
| Year 25 | Ksh 2,000,000 | Ksh 8,060,991 | 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 2,000,000 loan over 25 years would run about Ksh 18,684/month — saving Ksh 4,455,788 in interest. See the Citibank N.A. Kenya version →