Ksh 1,000,000 loan at Commercial International Bank Kenya for 2 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 50,896. Total cost: Ksh 1,221,499 (Ksh 221,499 interest).
Monthly repayment
Ksh 50,896
At 20.00% · 24 payments
Total repayment
Ksh 1,221,499
1.22× the borrowed amount
Total interest
Ksh 221,499
Ksh 52,796 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 450,574 | Ksh 160,176 | Ksh 549,426 |
| Year 2 | Ksh 1,000,000 | Ksh 221,499 | 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 2 years would run about Ksh 46,311/month — saving Ksh 110,029 in interest. See the Citibank N.A. Kenya version →