Ksh 10,000,000 loan at Commercial International Bank Kenya for 10 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 193,256. Total cost: Ksh 23,190,680 (Ksh 13,190,681 interest).
Monthly repayment
Ksh 193,256
At 20.00% · 120 payments
Total repayment
Ksh 23,190,680
2.32× the borrowed amount
Total interest
Ksh 13,190,681
Ksh 3,505,877 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 350,003 | Ksh 1,969,065 | Ksh 9,649,997 |
| Year 2 | Ksh 776,795 | Ksh 3,861,342 | Ksh 9,223,205 |
| Year 3 | Ksh 1,297,220 | Ksh 5,659,984 | Ksh 8,702,780 |
| Year 4 | Ksh 1,931,822 | Ksh 7,344,451 | Ksh 8,068,178 |
| Year 5 | Ksh 2,705,650 | Ksh 8,889,691 | Ksh 7,294,350 |
| Year 6 | Ksh 3,649,248 | Ksh 10,265,160 | Ksh 6,350,752 |
| Year 7 | Ksh 4,799,864 | Ksh 11,433,612 | Ksh 5,200,136 |
| Year 8 | Ksh 6,202,915 | Ksh 12,349,629 | Ksh 3,797,085 |
| Year 9 | Ksh 7,913,783 | Ksh 12,957,830 | Ksh 2,086,217 |
| Year 10 | Ksh 10,000,000 | Ksh 13,190,681 | 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 10 years would run about Ksh 134,152/month — saving Ksh 7,092,406 in interest. See the Citibank N.A. Kenya version →