Ksh 5,000,000 loan at Commercial International Bank Kenya for 5 years.
At Commercial International Bank Kenya's current lending rate of 20.00%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 132,469. Total cost: Ksh 7,948,165 (Ksh 2,948,165 interest).
Monthly repayment
Ksh 132,469
At 20.00% · 60 payments
Total repayment
Ksh 7,948,165
1.59× the borrowed amount
Total interest
Ksh 2,948,165
Ksh 741,711 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 646,801 | Ksh 942,832 | Ksh 4,353,199 |
| Year 2 | Ksh 1,435,505 | Ksh 1,743,761 | Ksh 3,564,495 |
| Year 3 | Ksh 2,397,243 | Ksh 2,371,656 | Ksh 2,602,757 |
| Year 4 | Ksh 3,569,978 | Ksh 2,788,554 | Ksh 1,430,022 |
| Year 5 | Ksh 5,000,000 | Ksh 2,948,165 | 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 5 years would run about Ksh 107,123/month — saving Ksh 1,520,781 in interest. See the Citibank N.A. Kenya version →