Ksh 10,000,000 loan at Commercial International Bank Kenya for 1 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 926,345. Total cost: Ksh 11,116,141 (Ksh 1,116,141 interest).
Monthly repayment
Ksh 926,345
At 20.00% · 12 payments
Total repayment
Ksh 11,116,141
1.11× the borrowed amount
Total interest
Ksh 1,116,141
Ksh 260,213 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 10,000,000 | Ksh 1,116,141 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 546,132 in interest. See the Citibank N.A. Kenya version →