Ksh 500,000 loan at Commercial International Bank Kenya for 2 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 500,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 25,448. Total cost: Ksh 610,750 (Ksh 110,750 interest).
Monthly repayment
Ksh 25,448
At 20.00% · 24 payments
Total repayment
Ksh 610,750
1.22× the borrowed amount
Total interest
Ksh 110,750
Ksh 26,398 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 225,287 | Ksh 80,088 | Ksh 274,713 |
| Year 2 | Ksh 500,000 | Ksh 110,750 | 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 2 years would run about Ksh 23,156/month — saving Ksh 55,015 in interest. See the Citibank N.A. Kenya version →