Ksh 500,000 loan at Commercial International Bank Kenya for 1 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 500,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 46,317. Total cost: Ksh 555,807 (Ksh 55,807 interest).
Monthly repayment
Ksh 46,317
At 20.00% · 12 payments
Total repayment
Ksh 555,807
1.11× the borrowed amount
Total interest
Ksh 55,807
Ksh 13,011 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 500,000 | Ksh 55,807 | 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 500,000 loan over 1 years would run about Ksh 44,042/month — saving Ksh 27,307 in interest. See the Citibank N.A. Kenya version →