Ksh 2,000,000 loan at Commercial International Bank Kenya for 15 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 2,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 35,126. Total cost: Ksh 6,322,667 (Ksh 4,322,667 interest).
Monthly repayment
Ksh 35,126
At 20.00% · 180 payments
Total repayment
Ksh 6,322,667
3.16× the borrowed amount
Total interest
Ksh 4,322,667
Ksh 1,175,223 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 23,597 | Ksh 397,914 | Ksh 1,976,403 |
| Year 2 | Ksh 52,370 | Ksh 790,652 | Ksh 1,947,630 |
| Year 3 | Ksh 87,457 | Ksh 1,177,077 | Ksh 1,912,543 |
| Year 4 | Ksh 130,241 | Ksh 1,555,804 | Ksh 1,869,759 |
| Year 5 | Ksh 182,411 | Ksh 1,925,144 | Ksh 1,817,589 |
| Year 6 | Ksh 246,028 | Ksh 2,283,039 | Ksh 1,753,972 |
| Year 7 | Ksh 323,601 | Ksh 2,626,977 | Ksh 1,676,399 |
| Year 8 | Ksh 418,193 | Ksh 2,953,897 | Ksh 1,581,807 |
| Year 9 | Ksh 533,537 | Ksh 3,260,063 | Ksh 1,466,463 |
| Year 10 | Ksh 674,187 | Ksh 3,540,924 | Ksh 1,325,813 |
| Year 11 | Ksh 845,695 | Ksh 3,790,928 | Ksh 1,154,305 |
| Year 12 | Ksh 1,054,829 | Ksh 4,003,305 | Ksh 945,171 |
| Year 13 | Ksh 1,309,846 | Ksh 4,169,799 | Ksh 690,154 |
| Year 14 | Ksh 1,620,812 | Ksh 4,280,345 | Ksh 379,188 |
| Year 15 | Ksh 2,000,000 | Ksh 4,322,667 | 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 15 years would run about Ksh 21,935/month — saving Ksh 2,374,420 in interest. See the Citibank N.A. Kenya version →