Ksh 5,000,000 loan at Commercial International Bank Kenya for 2 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 254,479. Total cost: Ksh 6,107,496 (Ksh 1,107,496 interest).
Monthly repayment
Ksh 254,479
At 20.00% · 24 payments
Total repayment
Ksh 6,107,496
1.22× the borrowed amount
Total interest
Ksh 1,107,496
Ksh 263,981 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 2,252,870 | Ksh 800,878 | Ksh 2,747,130 |
| Year 2 | Ksh 5,000,000 | Ksh 1,107,496 | 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 2 years would run about Ksh 231,556/month — saving Ksh 550,145 in interest. See the Citibank N.A. Kenya version →