Ksh 5,000,000 loan at Commercial International Bank Kenya for 1 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 5,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 463,173. Total cost: Ksh 5,558,070 (Ksh 558,070 interest).
Monthly repayment
Ksh 463,173
At 20.00% · 12 payments
Total repayment
Ksh 5,558,070
1.11× the borrowed amount
Total interest
Ksh 558,070
Ksh 130,106 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 5,000,000 | Ksh 558,070 | 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 5,000,000 loan over 1 years would run about Ksh 440,417/month — saving Ksh 273,066 in interest. See the Citibank N.A. Kenya version →