Ksh 1,000,000 loan at Consolidated Bank of Kenya for 10 years.
At Consolidated Bank of Kenya's current lending rate of 13.61%, a Ksh 1,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 15,293. Total cost: Ksh 1,835,161 (Ksh 835,161 interest).
Monthly repayment
Ksh 15,293
At 13.61% · 120 payments
Total repayment
Ksh 1,835,161
1.84× the borrowed amount
Total interest
Ksh 835,161
Ksh 133,319 less 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 50,489 | Ksh 133,027 | Ksh 949,511 |
| Year 2 | Ksh 108,294 | Ksh 258,738 | Ksh 891,706 |
| Year 3 | Ksh 174,477 | Ksh 376,072 | Ksh 825,523 |
| Year 4 | Ksh 250,250 | Ksh 483,814 | Ksh 749,750 |
| Year 5 | Ksh 337,005 | Ksh 580,576 | Ksh 662,995 |
| Year 6 | Ksh 436,332 | Ksh 664,765 | Ksh 563,668 |
| Year 7 | Ksh 550,054 | Ksh 734,559 | Ksh 449,946 |
| Year 8 | Ksh 680,255 | Ksh 787,874 | Ksh 319,745 |
| Year 9 | Ksh 829,326 | Ksh 822,319 | Ksh 170,674 |
| Year 10 | Ksh 1,000,000 | Ksh 835,161 | 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 1,000,000 loan over 10 years would run about Ksh 13,415/month — saving Ksh 225,334 in interest. See the Citibank N.A. Kenya version →