Ksh 2,000,000 loan at Bank of Baroda (Kenya) for 2 years.
At Bank of Baroda (Kenya)'s current lending rate of 15.12%, a Ksh 2,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 97,087. Total cost: Ksh 2,330,097 (Ksh 330,097 interest).
Monthly repayment
Ksh 97,087
At 15.12% · 24 payments
Total repayment
Ksh 2,330,097
1.17× the borrowed amount
Total interest
Ksh 330,097
Ksh 7,309 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 925,013 | Ksh 240,035 | Ksh 1,074,987 |
| Year 2 | Ksh 2,000,000 | Ksh 330,097 | 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 2 years would run about Ksh 92,623/month — saving Ksh 107,156 in interest. See the Citibank N.A. Kenya version →