Ksh 2,000,000 loan at Commercial International Bank Kenya for 3 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 74,327. Total cost: Ksh 2,675,778 (Ksh 675,778 interest).
Monthly repayment
Ksh 74,327
At 20.00% · 36 payments
Total repayment
Ksh 2,675,778
1.34× the borrowed amount
Total interest
Ksh 675,778
Ksh 164,333 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 539,621 | Ksh 352,305 | Ksh 1,460,379 |
| Year 2 | Ksh 1,197,630 | Ksh 586,222 | Ksh 802,370 |
| Year 3 | Ksh 2,000,000 | Ksh 675,778 | 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 3 years would run about Ksh 64,873/month — saving Ksh 340,352 in interest. See the Citibank N.A. Kenya version →