Ksh 1,000,000 loan at Bank of Baroda (Kenya) for 5 years.
At Bank of Baroda (Kenya)'s current lending rate of 15.12%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 23,853. Total cost: Ksh 1,431,178 (Ksh 431,178 interest).
Monthly repayment
Ksh 23,853
At 15.12% · 60 payments
Total repayment
Ksh 1,431,178
1.43× the borrowed amount
Total interest
Ksh 431,178
Ksh 10,113 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 144,798 | Ksh 141,438 | Ksh 855,202 |
| Year 2 | Ksh 313,072 | Ksh 259,399 | Ksh 686,928 |
| Year 3 | Ksh 508,629 | Ksh 350,078 | Ksh 491,371 |
| Year 4 | Ksh 735,891 | Ksh 409,051 | Ksh 264,109 |
| Year 5 | Ksh 1,000,000 | Ksh 431,178 | 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 5 years would run about Ksh 21,425/month — saving Ksh 145,701 in interest. See the Citibank N.A. Kenya version →