Ksh 10,000,000 loan at Commercial International Bank Kenya for 5 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 264,939. Total cost: Ksh 15,896,330 (Ksh 5,896,330 interest).
Monthly repayment
Ksh 264,939
At 20.00% · 60 payments
Total repayment
Ksh 15,896,330
1.59× the borrowed amount
Total interest
Ksh 5,896,330
Ksh 1,483,421 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 1,293,602 | Ksh 1,885,664 | Ksh 8,706,398 |
| Year 2 | Ksh 2,871,009 | Ksh 3,487,523 | Ksh 7,128,991 |
| Year 3 | Ksh 4,794,486 | Ksh 4,743,313 | Ksh 5,205,514 |
| Year 4 | Ksh 7,139,955 | Ksh 5,577,109 | Ksh 2,860,045 |
| Year 5 | Ksh 10,000,000 | Ksh 5,896,330 | 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 5 years would run about Ksh 214,246/month — saving Ksh 3,041,563 in interest. See the Citibank N.A. Kenya version →