Ksh 10,000,000 loan at Bank of Baroda (Kenya) for 1 years.
At Bank of Baroda (Kenya)'s current lending rate of 15.12%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 903,149. Total cost: Ksh 10,837,794 (Ksh 837,794 interest).
Monthly repayment
Ksh 903,149
At 15.12% · 12 payments
Total repayment
Ksh 10,837,794
1.08× the borrowed amount
Total interest
Ksh 837,794
Ksh 18,134 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 10,000,000 | Ksh 837,794 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 267,785 in interest. See the Citibank N.A. Kenya version →