Ksh 500,000 loan at Consolidated Bank of Kenya for 3 years.
At Consolidated Bank of Kenya's current lending rate of 13.61%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 16,994. Total cost: Ksh 611,793 (Ksh 111,793 interest).
Monthly repayment
Ksh 16,994
At 13.61% · 36 payments
Total repayment
Ksh 611,793
1.22× the borrowed amount
Total interest
Ksh 111,793
Ksh 16,068 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 144,686 | Ksh 59,245 | Ksh 355,314 |
| Year 2 | Ksh 310,340 | Ksh 97,522 | Ksh 189,660 |
| Year 3 | Ksh 500,000 | Ksh 111,793 | 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 500,000 loan over 3 years would run about Ksh 16,218/month — saving Ksh 27,937 in interest. See the Citibank N.A. Kenya version →