Ksh 2,000,000 loan at Consolidated Bank of Kenya for 1 years.
At Consolidated Bank of Kenya's current lending rate of 13.61%, a Ksh 2,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 179,207. Total cost: Ksh 2,150,489 (Ksh 150,489 interest).
Monthly repayment
Ksh 179,207
At 13.61% · 12 payments
Total repayment
Ksh 2,150,489
1.08× the borrowed amount
Total interest
Ksh 150,489
Ksh 20,696 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 2,000,000 | Ksh 150,489 | 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 2,000,000 loan over 1 years would run about Ksh 176,167/month — saving Ksh 36,487 in interest. See the Citibank N.A. Kenya version →