Ksh 2,000,000 loan at Commercial International Bank Kenya for 1 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 2,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 185,269. Total cost: Ksh 2,223,228 (Ksh 223,228 interest).
Monthly repayment
Ksh 185,269
At 20.00% · 12 payments
Total repayment
Ksh 2,223,228
1.11× the borrowed amount
Total interest
Ksh 223,228
Ksh 52,043 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 2,000,000 | Ksh 223,228 | 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 2,000,000 loan over 1 years would run about Ksh 176,167/month — saving Ksh 109,226 in interest. See the Citibank N.A. Kenya version →