Ksh 500,000 loan at Commercial International Bank Kenya for 10 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 9,663. Total cost: Ksh 1,159,534 (Ksh 659,534 interest).
Monthly repayment
Ksh 9,663
At 20.00% · 120 payments
Total repayment
Ksh 1,159,534
2.32× the borrowed amount
Total interest
Ksh 659,534
Ksh 175,294 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 17,500 | Ksh 98,453 | Ksh 482,500 |
| Year 2 | Ksh 38,840 | Ksh 193,067 | Ksh 461,160 |
| Year 3 | Ksh 64,861 | Ksh 282,999 | Ksh 435,139 |
| Year 4 | Ksh 96,591 | Ksh 367,223 | Ksh 403,409 |
| Year 5 | Ksh 135,282 | Ksh 444,485 | Ksh 364,718 |
| Year 6 | Ksh 182,462 | Ksh 513,258 | Ksh 317,538 |
| Year 7 | Ksh 239,993 | Ksh 571,681 | Ksh 260,007 |
| Year 8 | Ksh 310,146 | Ksh 617,481 | Ksh 189,854 |
| Year 9 | Ksh 395,689 | Ksh 647,891 | Ksh 104,311 |
| Year 10 | Ksh 500,000 | Ksh 659,534 | 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 10 years would run about Ksh 6,708/month — saving Ksh 354,620 in interest. See the Citibank N.A. Kenya version →