Ksh 1,000,000 loan at Commercial International Bank Kenya for 5 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 26,494. Total cost: Ksh 1,589,633 (Ksh 589,633 interest).
Monthly repayment
Ksh 26,494
At 20.00% · 60 payments
Total repayment
Ksh 1,589,633
1.59× the borrowed amount
Total interest
Ksh 589,633
Ksh 148,342 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 129,360 | Ksh 188,566 | Ksh 870,640 |
| Year 2 | Ksh 287,101 | Ksh 348,752 | Ksh 712,899 |
| Year 3 | Ksh 479,449 | Ksh 474,331 | Ksh 520,551 |
| Year 4 | Ksh 713,996 | Ksh 557,711 | Ksh 286,004 |
| Year 5 | Ksh 1,000,000 | Ksh 589,633 | 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 5 years would run about Ksh 21,425/month — saving Ksh 304,156 in interest. See the Citibank N.A. Kenya version →