Ksh 1,000,000 loan at Consolidated Bank of Kenya for 5 years.
At Consolidated Bank of Kenya's current lending rate of 13.61%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 23,067. Total cost: Ksh 1,383,994 (Ksh 383,993 interest).
Monthly repayment
Ksh 23,067
At 13.61% · 60 payments
Total repayment
Ksh 1,383,994
1.38× the borrowed amount
Total interest
Ksh 383,993
Ksh 57,298 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 149,816 | Ksh 126,983 | Ksh 850,184 |
| Year 2 | Ksh 321,343 | Ksh 232,255 | Ksh 678,657 |
| Year 3 | Ksh 517,727 | Ksh 312,669 | Ksh 482,273 |
| Year 4 | Ksh 742,571 | Ksh 364,623 | Ksh 257,429 |
| Year 5 | Ksh 1,000,000 | Ksh 383,993 | 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 5 years would run about Ksh 21,425/month — saving Ksh 98,517 in interest. See the Citibank N.A. Kenya version →