Ksh 500,000 loan at Commercial International Bank Kenya for 5 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 13,247. Total cost: Ksh 794,816 (Ksh 294,817 interest).
Monthly repayment
Ksh 13,247
At 20.00% · 60 payments
Total repayment
Ksh 794,816
1.59× the borrowed amount
Total interest
Ksh 294,817
Ksh 74,171 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 64,680 | Ksh 94,283 | Ksh 435,320 |
| Year 2 | Ksh 143,550 | Ksh 174,376 | Ksh 356,450 |
| Year 3 | Ksh 239,724 | Ksh 237,166 | Ksh 260,276 |
| Year 4 | Ksh 356,998 | Ksh 278,855 | Ksh 143,002 |
| Year 5 | Ksh 500,000 | Ksh 294,817 | 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 5 years would run about Ksh 10,712/month — saving Ksh 152,078 in interest. See the Citibank N.A. Kenya version →