Ksh 10,000,000 loan at Bank of Baroda (Kenya) for 15 years.
At Bank of Baroda (Kenya)'s current lending rate of 15.12%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 140,782. Total cost: Ksh 25,340,677 (Ksh 15,340,676 interest).
Monthly repayment
Ksh 140,782
At 15.12% · 180 payments
Total repayment
Ksh 25,340,677
2.53× the borrowed amount
Total interest
Ksh 15,340,676
Ksh 396,543 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 190,202 | Ksh 1,499,176 | Ksh 9,809,798 |
| Year 2 | Ksh 411,242 | Ksh 2,967,515 | Ksh 9,588,758 |
| Year 3 | Ksh 668,119 | Ksh 4,400,017 | Ksh 9,331,881 |
| Year 4 | Ksh 966,643 | Ksh 5,790,871 | Ksh 9,033,357 |
| Year 5 | Ksh 1,313,568 | Ksh 7,133,324 | Ksh 8,686,432 |
| Year 6 | Ksh 1,716,740 | Ksh 8,419,531 | Ksh 8,283,260 |
| Year 7 | Ksh 2,185,279 | Ksh 9,640,370 | Ksh 7,814,721 |
| Year 8 | Ksh 2,729,782 | Ksh 10,785,245 | Ksh 7,270,218 |
| Year 9 | Ksh 3,362,566 | Ksh 11,841,840 | Ksh 6,637,434 |
| Year 10 | Ksh 4,097,944 | Ksh 12,795,840 | Ksh 5,902,056 |
| Year 11 | Ksh 4,952,550 | Ksh 13,630,613 | Ksh 5,047,450 |
| Year 12 | Ksh 5,945,714 | Ksh 14,326,828 | Ksh 4,054,286 |
| Year 13 | Ksh 7,099,900 | Ksh 14,862,020 | Ksh 2,900,100 |
| Year 14 | Ksh 8,441,216 | Ksh 15,210,082 | Ksh 1,558,784 |
| Year 15 | Ksh 10,000,000 | Ksh 15,340,676 | 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 15 years would run about Ksh 109,674/month — saving Ksh 5,599,437 in interest. See the Citibank N.A. Kenya version →