Ksh 500,000 loan at Bank of Baroda (Kenya) for 15 years.
At Bank of Baroda (Kenya)'s current lending rate of 15.12%, a Ksh 500,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 7,039. Total cost: Ksh 1,267,034 (Ksh 767,034 interest).
Monthly repayment
Ksh 7,039
At 15.12% · 180 payments
Total repayment
Ksh 1,267,034
2.53× the borrowed amount
Total interest
Ksh 767,034
Ksh 19,827 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 9,510 | Ksh 74,959 | Ksh 490,490 |
| Year 2 | Ksh 20,562 | Ksh 148,376 | Ksh 479,438 |
| Year 3 | Ksh 33,406 | Ksh 220,001 | Ksh 466,594 |
| Year 4 | Ksh 48,332 | Ksh 289,544 | Ksh 451,668 |
| Year 5 | Ksh 65,678 | Ksh 356,666 | Ksh 434,322 |
| Year 6 | Ksh 85,837 | Ksh 420,977 | Ksh 414,163 |
| Year 7 | Ksh 109,264 | Ksh 482,019 | Ksh 390,736 |
| Year 8 | Ksh 136,489 | Ksh 539,262 | Ksh 363,511 |
| Year 9 | Ksh 168,128 | Ksh 592,092 | Ksh 331,872 |
| Year 10 | Ksh 204,897 | Ksh 639,792 | Ksh 295,103 |
| Year 11 | Ksh 247,627 | Ksh 681,531 | Ksh 252,373 |
| Year 12 | Ksh 297,286 | Ksh 716,341 | Ksh 202,714 |
| Year 13 | Ksh 354,995 | Ksh 743,101 | Ksh 145,005 |
| Year 14 | Ksh 422,061 | Ksh 760,504 | Ksh 77,939 |
| Year 15 | Ksh 500,000 | Ksh 767,034 | 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 500,000 loan over 15 years would run about Ksh 5,484/month — saving Ksh 279,972 in interest. See the Citibank N.A. Kenya version →