Ksh 2,000,000 loan at Access Bank Kenya for 5 years.
At Access Bank Kenya's current lending rate of 19.98%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 52,966. Total cost: Ksh 3,177,931 (Ksh 1,177,931 interest).
Monthly repayment
Ksh 52,966
At 19.98% · 60 payments
Total repayment
Ksh 3,177,931
1.59× the borrowed amount
Total interest
Ksh 1,177,931
Ksh 295,349 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 258,842 | Ksh 376,744 | Ksh 1,741,158 |
| Year 2 | Ksh 574,410 | Ksh 696,763 | Ksh 1,425,590 |
| Year 3 | Ksh 959,135 | Ksh 947,624 | Ksh 1,040,865 |
| Year 4 | Ksh 1,428,172 | Ksh 1,114,172 | Ksh 571,828 |
| Year 5 | Ksh 2,000,000 | Ksh 1,177,931 | 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 5 years would run about Ksh 42,849/month — saving Ksh 606,977 in interest. See the Citibank N.A. Kenya version →