Ksh 5,000,000 loan at Consolidated Bank of Kenya for 2 years.
At Consolidated Bank of Kenya's current lending rate of 13.61%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 239,144. Total cost: Ksh 5,739,462 (Ksh 739,462 interest).
Monthly repayment
Ksh 239,144
At 13.61% · 24 payments
Total repayment
Ksh 5,739,462
1.15× the borrowed amount
Total interest
Ksh 739,462
Ksh 104,053 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 2,331,090 | Ksh 538,641 | Ksh 2,668,910 |
| Year 2 | Ksh 5,000,000 | Ksh 739,462 | 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 2 years would run about Ksh 231,556/month — saving Ksh 182,110 in interest. See the Citibank N.A. Kenya version →