Ksh 1,000,000 loan at Commercial International Bank Kenya for 3 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 1,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 37,164. Total cost: Ksh 1,337,889 (Ksh 337,889 interest).
Monthly repayment
Ksh 37,164
At 20.00% · 36 payments
Total repayment
Ksh 1,337,889
1.34× the borrowed amount
Total interest
Ksh 337,889
Ksh 82,166 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 269,810 | Ksh 176,153 | Ksh 730,190 |
| Year 2 | Ksh 598,815 | Ksh 293,111 | Ksh 401,185 |
| Year 3 | Ksh 1,000,000 | Ksh 337,889 | 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 3 years would run about Ksh 32,436/month — saving Ksh 170,176 in interest. See the Citibank N.A. Kenya version →