Ksh 5,000,000 loan at Commercial International Bank Kenya for 3 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 185,818. Total cost: Ksh 6,689,445 (Ksh 1,689,445 interest).
Monthly repayment
Ksh 185,818
At 20.00% · 36 payments
Total repayment
Ksh 6,689,445
1.34× the borrowed amount
Total interest
Ksh 1,689,445
Ksh 410,832 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 1,349,052 | Ksh 880,763 | Ksh 3,650,948 |
| Year 2 | Ksh 2,994,075 | Ksh 1,465,555 | Ksh 2,005,925 |
| Year 3 | Ksh 5,000,000 | Ksh 1,689,445 | 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 3 years would run about Ksh 162,182/month — saving Ksh 850,881 in interest. See the Citibank N.A. Kenya version →