Ksh 5,000,000 loan at Bank of Baroda (Kenya) for 5 years.
At Bank of Baroda (Kenya)'s current lending rate of 15.12%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 119,265. Total cost: Ksh 7,155,890 (Ksh 2,155,890 interest).
Monthly repayment
Ksh 119,265
At 15.12% · 60 payments
Total repayment
Ksh 7,155,890
1.43× the borrowed amount
Total interest
Ksh 2,155,890
Ksh 50,565 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 723,990 | Ksh 707,188 | Ksh 4,276,010 |
| Year 2 | Ksh 1,565,361 | Ksh 1,296,995 | Ksh 3,434,639 |
| Year 3 | Ksh 2,543,144 | Ksh 1,750,390 | Ksh 2,456,856 |
| Year 4 | Ksh 3,679,456 | Ksh 2,045,255 | Ksh 1,320,544 |
| Year 5 | Ksh 5,000,000 | Ksh 2,155,890 | 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 5,000,000 loan over 5 years would run about Ksh 107,123/month — saving Ksh 728,506 in interest. See the Citibank N.A. Kenya version →