Ksh 5,000,000 loan at Commercial International Bank Kenya for 10 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 96,628. Total cost: Ksh 11,595,341 (Ksh 6,595,340 interest).
Monthly repayment
Ksh 96,628
At 20.00% · 120 payments
Total repayment
Ksh 11,595,341
2.32× the borrowed amount
Total interest
Ksh 6,595,340
Ksh 1,752,938 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 175,002 | Ksh 984,532 | Ksh 4,824,998 |
| Year 2 | Ksh 388,397 | Ksh 1,930,671 | Ksh 4,611,603 |
| Year 3 | Ksh 648,610 | Ksh 2,829,992 | Ksh 4,351,390 |
| Year 4 | Ksh 965,911 | Ksh 3,672,225 | Ksh 4,034,089 |
| Year 5 | Ksh 1,352,825 | Ksh 4,444,845 | Ksh 3,647,175 |
| Year 6 | Ksh 1,824,624 | Ksh 5,132,580 | Ksh 3,175,376 |
| Year 7 | Ksh 2,399,932 | Ksh 5,716,806 | Ksh 2,600,068 |
| Year 8 | Ksh 3,101,458 | Ksh 6,174,815 | Ksh 1,898,542 |
| Year 9 | Ksh 3,956,892 | Ksh 6,478,915 | Ksh 1,043,108 |
| Year 10 | Ksh 5,000,000 | Ksh 6,595,340 | 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 10 years would run about Ksh 67,076/month — saving Ksh 3,546,203 in interest. See the Citibank N.A. Kenya version →