Ksh 500,000 loan at Access Bank Kenya for 5 years.
At Access Bank Kenya's current lending rate of 19.98%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 13,241. Total cost: Ksh 794,483 (Ksh 294,483 interest).
Monthly repayment
Ksh 13,241
At 19.98% · 60 payments
Total repayment
Ksh 794,483
1.59× the borrowed amount
Total interest
Ksh 294,483
Ksh 73,837 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 64,711 | Ksh 94,186 | Ksh 435,289 |
| Year 2 | Ksh 143,602 | Ksh 174,191 | Ksh 356,398 |
| Year 3 | Ksh 239,784 | Ksh 236,906 | Ksh 260,216 |
| Year 4 | Ksh 357,043 | Ksh 278,543 | Ksh 142,957 |
| Year 5 | Ksh 500,000 | Ksh 294,483 | 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 500,000 loan over 5 years would run about Ksh 10,712/month — saving Ksh 151,744 in interest. See the Citibank N.A. Kenya version →