Ksh 5,000,000 loan at Consolidated Bank of Kenya for 1 years.
At Consolidated Bank of Kenya's current lending rate of 13.61%, a Ksh 5,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 448,019. Total cost: Ksh 5,376,223 (Ksh 376,223 interest).
Monthly repayment
Ksh 448,019
At 13.61% · 12 payments
Total repayment
Ksh 5,376,223
1.08× the borrowed amount
Total interest
Ksh 376,223
Ksh 51,741 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 5,000,000 | Ksh 376,223 | 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 1 years would run about Ksh 440,417/month — saving Ksh 91,219 in interest. See the Citibank N.A. Kenya version →