Ksh 5,000,000 loan at Commercial International Bank Kenya for 15 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 87,815. Total cost: Ksh 15,806,669 (Ksh 10,806,669 interest).
Monthly repayment
Ksh 87,815
At 20.00% · 180 payments
Total repayment
Ksh 15,806,669
3.16× the borrowed amount
Total interest
Ksh 10,806,669
Ksh 2,938,059 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 58,992 | Ksh 994,786 | Ksh 4,941,008 |
| Year 2 | Ksh 130,926 | Ksh 1,976,630 | Ksh 4,869,074 |
| Year 3 | Ksh 218,642 | Ksh 2,942,691 | Ksh 4,781,358 |
| Year 4 | Ksh 325,602 | Ksh 3,889,509 | Ksh 4,674,398 |
| Year 5 | Ksh 456,029 | Ksh 4,812,861 | Ksh 4,543,971 |
| Year 6 | Ksh 615,069 | Ksh 5,707,598 | Ksh 4,384,931 |
| Year 7 | Ksh 809,002 | Ksh 6,567,444 | Ksh 4,190,998 |
| Year 8 | Ksh 1,045,482 | Ksh 7,384,742 | Ksh 3,954,518 |
| Year 9 | Ksh 1,333,843 | Ksh 8,150,158 | Ksh 3,666,157 |
| Year 10 | Ksh 1,685,468 | Ksh 8,852,311 | Ksh 3,314,532 |
| Year 11 | Ksh 2,114,237 | Ksh 9,477,320 | Ksh 2,885,763 |
| Year 12 | Ksh 2,637,073 | Ksh 10,008,262 | Ksh 2,362,927 |
| Year 13 | Ksh 3,274,616 | Ksh 10,424,497 | Ksh 1,725,384 |
| Year 14 | Ksh 4,052,029 | Ksh 10,700,862 | Ksh 947,971 |
| Year 15 | Ksh 5,000,000 | Ksh 10,806,669 | 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 15 years would run about Ksh 54,837/month — saving Ksh 5,936,049 in interest. See the Citibank N.A. Kenya version →