Ksh 2,000,000 loan at Commercial International Bank Kenya for 2 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 2,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 101,792. Total cost: Ksh 2,442,999 (Ksh 442,999 interest).
Monthly repayment
Ksh 101,792
At 20.00% · 24 payments
Total repayment
Ksh 2,442,999
1.22× the borrowed amount
Total interest
Ksh 442,999
Ksh 105,592 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 901,148 | Ksh 320,351 | Ksh 1,098,852 |
| Year 2 | Ksh 2,000,000 | Ksh 442,999 | 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 2 years would run about Ksh 92,623/month — saving Ksh 220,058 in interest. See the Citibank N.A. Kenya version →