Ksh 5,000,000 loan at Access Bank Kenya for 20 years.
At Access Bank Kenya's current lending rate of 19.98%, a Ksh 5,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 84,863. Total cost: Ksh 20,367,058 (Ksh 15,367,059 interest).
Monthly repayment
Ksh 84,863
At 19.98% · 240 payments
Total repayment
Ksh 20,367,058
4.07× the borrowed amount
Total interest
Ksh 15,367,059
Ksh 4,174,085 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 21,227 | Ksh 997,126 | Ksh 4,978,773 |
| Year 2 | Ksh 47,107 | Ksh 1,989,599 | Ksh 4,952,893 |
| Year 3 | Ksh 78,657 | Ksh 2,976,401 | Ksh 4,921,343 |
| Year 4 | Ksh 117,123 | Ksh 3,956,289 | Ksh 4,882,877 |
| Year 5 | Ksh 164,018 | Ksh 4,927,747 | Ksh 4,835,983 |
| Year 6 | Ksh 221,189 | Ksh 5,888,928 | Ksh 4,778,811 |
| Year 7 | Ksh 290,891 | Ksh 6,837,580 | Ksh 4,709,109 |
| Year 8 | Ksh 375,867 | Ksh 7,770,956 | Ksh 4,624,133 |
| Year 9 | Ksh 479,466 | Ksh 8,685,710 | Ksh 4,520,534 |
| Year 10 | Ksh 605,769 | Ksh 9,577,760 | Ksh 4,394,231 |
| Year 11 | Ksh 759,751 | Ksh 10,442,131 | Ksh 4,240,249 |
| Year 12 | Ksh 947,479 | Ksh 11,272,756 | Ksh 4,052,521 |
| Year 13 | Ksh 1,176,348 | Ksh 12,062,240 | Ksh 3,823,652 |
| Year 14 | Ksh 1,455,373 | Ksh 12,801,568 | Ksh 3,544,627 |
| Year 15 | Ksh 1,795,547 | Ksh 13,479,747 | Ksh 3,204,453 |
| Year 16 | Ksh 2,210,271 | Ksh 14,083,376 | Ksh 2,789,729 |
| Year 17 | Ksh 2,715,882 | Ksh 14,596,118 | Ksh 2,284,118 |
| Year 18 | Ksh 3,332,298 | Ksh 14,998,055 | Ksh 1,667,702 |
| Year 19 | Ksh 4,083,802 | Ksh 15,264,903 | Ksh 916,198 |
| Year 20 | Ksh 5,000,000 | Ksh 15,367,059 | 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 5,000,000 loan over 20 years would run about Ksh 49,450/month — saving Ksh 8,499,137 in interest. See the Citibank N.A. Kenya version →