Ksh 1,000,000 loan at Co-operative Bank of Kenya for 1 years.
At Co-operative Bank of Kenya's current lending rate of 16.10%, a Ksh 1,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 90,778. Total cost: Ksh 1,089,338 (Ksh 89,338 interest).
Monthly repayment
Ksh 90,778
At 16.10% · 12 payments
Total repayment
Ksh 1,089,338
1.09× the borrowed amount
Total interest
Ksh 89,338
Ksh 3,745 more 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 1,000,000 | Ksh 89,338 | 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 1,000,000 loan over 1 years would run about Ksh 88,083/month — saving Ksh 32,337 in interest. See the Citibank N.A. Kenya version →