Ksh 2,000,000 loan at Bank of Baroda (Kenya) for 10 years.
At Bank of Baroda (Kenya)'s current lending rate of 15.12%, a Ksh 2,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 32,414. Total cost: Ksh 3,889,694 (Ksh 1,889,695 interest).
Monthly repayment
Ksh 32,414
At 15.12% · 120 payments
Total repayment
Ksh 3,889,694
1.94× the borrowed amount
Total interest
Ksh 1,889,695
Ksh 47,266 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 92,828 | Ksh 296,141 | Ksh 1,907,172 |
| Year 2 | Ksh 200,706 | Ksh 577,233 | Ksh 1,799,294 |
| Year 3 | Ksh 326,075 | Ksh 840,833 | Ksh 1,673,925 |
| Year 4 | Ksh 471,770 | Ksh 1,084,108 | Ksh 1,528,230 |
| Year 5 | Ksh 641,086 | Ksh 1,303,761 | Ksh 1,358,914 |
| Year 6 | Ksh 837,854 | Ksh 1,495,963 | Ksh 1,162,146 |
| Year 7 | Ksh 1,066,524 | Ksh 1,656,262 | Ksh 933,476 |
| Year 8 | Ksh 1,332,269 | Ksh 1,779,487 | Ksh 667,731 |
| Year 9 | Ksh 1,641,099 | Ksh 1,859,626 | Ksh 358,901 |
| Year 10 | Ksh 2,000,000 | Ksh 1,889,695 | 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 2,000,000 loan over 10 years would run about Ksh 26,830/month — saving Ksh 670,040 in interest. See the Citibank N.A. Kenya version →