Ksh 1,000,000 loan at Bank of Baroda (Kenya) for 1 years.
At Bank of Baroda (Kenya)'s current lending rate of 15.12%, a Ksh 1,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 90,315. Total cost: Ksh 1,083,779 (Ksh 83,779 interest).
Monthly repayment
Ksh 90,315
At 15.12% · 12 payments
Total repayment
Ksh 1,083,779
1.08× the borrowed amount
Total interest
Ksh 83,779
Ksh 1,813 less 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 1,000,000 | Ksh 83,779 | 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 1,000,000 loan over 1 years would run about Ksh 88,083/month — saving Ksh 26,778 in interest. See the Citibank N.A. Kenya version →