Ksh 1,000,000 loan at Commercial International Bank Kenya for 15 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 17,563. Total cost: Ksh 3,161,335 (Ksh 2,161,334 interest).
Monthly repayment
Ksh 17,563
At 20.00% · 180 payments
Total repayment
Ksh 3,161,335
3.16× the borrowed amount
Total interest
Ksh 2,161,334
Ksh 587,612 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 11,798 | Ksh 198,957 | Ksh 988,202 |
| Year 2 | Ksh 26,185 | Ksh 395,326 | Ksh 973,815 |
| Year 3 | Ksh 43,728 | Ksh 588,538 | Ksh 956,272 |
| Year 4 | Ksh 65,120 | Ksh 777,902 | Ksh 934,880 |
| Year 5 | Ksh 91,206 | Ksh 962,572 | Ksh 908,794 |
| Year 6 | Ksh 123,014 | Ksh 1,141,520 | Ksh 876,986 |
| Year 7 | Ksh 161,800 | Ksh 1,313,489 | Ksh 838,200 |
| Year 8 | Ksh 209,096 | Ksh 1,476,948 | Ksh 790,904 |
| Year 9 | Ksh 266,769 | Ksh 1,630,032 | Ksh 733,231 |
| Year 10 | Ksh 337,094 | Ksh 1,770,462 | Ksh 662,906 |
| Year 11 | Ksh 422,847 | Ksh 1,895,464 | Ksh 577,153 |
| Year 12 | Ksh 527,415 | Ksh 2,001,652 | Ksh 472,585 |
| Year 13 | Ksh 654,923 | Ksh 2,084,899 | Ksh 345,077 |
| Year 14 | Ksh 810,406 | Ksh 2,140,172 | Ksh 189,594 |
| Year 15 | Ksh 1,000,000 | Ksh 2,161,334 | 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 15 years would run about Ksh 10,967/month — saving Ksh 1,187,210 in interest. See the Citibank N.A. Kenya version →