Ksh 2,000,000 loan at Commercial International Bank Kenya for 5 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 52,988. Total cost: Ksh 3,179,266 (Ksh 1,179,266 interest).
Monthly repayment
Ksh 52,988
At 20.00% · 60 payments
Total repayment
Ksh 3,179,266
1.59× the borrowed amount
Total interest
Ksh 1,179,266
Ksh 296,684 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 258,720 | Ksh 377,133 | Ksh 1,741,280 |
| Year 2 | Ksh 574,202 | Ksh 697,505 | Ksh 1,425,798 |
| Year 3 | Ksh 958,897 | Ksh 948,663 | Ksh 1,041,103 |
| Year 4 | Ksh 1,427,991 | Ksh 1,115,422 | Ksh 572,009 |
| Year 5 | Ksh 2,000,000 | Ksh 1,179,266 | 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 5 years would run about Ksh 42,849/month — saving Ksh 608,313 in interest. See the Citibank N.A. Kenya version →