Ksh 500,000 loan at Commercial International Bank Kenya for 15 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 500,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 8,781. Total cost: Ksh 1,580,666 (Ksh 1,080,667 interest).
Monthly repayment
Ksh 8,781
At 20.00% · 180 payments
Total repayment
Ksh 1,580,666
3.16× the borrowed amount
Total interest
Ksh 1,080,667
Ksh 293,806 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 5,899 | Ksh 99,479 | Ksh 494,101 |
| Year 2 | Ksh 13,093 | Ksh 197,663 | Ksh 486,907 |
| Year 3 | Ksh 21,864 | Ksh 294,269 | Ksh 478,136 |
| Year 4 | Ksh 32,560 | Ksh 388,951 | Ksh 467,440 |
| Year 5 | Ksh 45,603 | Ksh 481,286 | Ksh 454,397 |
| Year 6 | Ksh 61,507 | Ksh 570,760 | Ksh 438,493 |
| Year 7 | Ksh 80,900 | Ksh 656,744 | Ksh 419,100 |
| Year 8 | Ksh 104,548 | Ksh 738,474 | Ksh 395,452 |
| Year 9 | Ksh 133,384 | Ksh 815,016 | Ksh 366,616 |
| Year 10 | Ksh 168,547 | Ksh 885,231 | Ksh 331,453 |
| Year 11 | Ksh 211,424 | Ksh 947,732 | Ksh 288,576 |
| Year 12 | Ksh 263,707 | Ksh 1,000,826 | Ksh 236,293 |
| Year 13 | Ksh 327,462 | Ksh 1,042,450 | Ksh 172,538 |
| Year 14 | Ksh 405,203 | Ksh 1,070,086 | Ksh 94,797 |
| Year 15 | Ksh 500,000 | Ksh 1,080,667 | 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 15 years would run about Ksh 5,484/month — saving Ksh 593,605 in interest. See the Citibank N.A. Kenya version →