Ksh 1,000,000 loan at Ecobank Kenya for 25 years.
At Ecobank Kenya's current lending rate of 13.72%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 11,824. Total cost: Ksh 3,547,137 (Ksh 2,547,138 interest).
Monthly repayment
Ksh 11,824
At 13.72% · 300 payments
Total repayment
Ksh 3,547,137
3.55× the borrowed amount
Total interest
Ksh 2,547,138
Ksh 398,051 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 4,992 | Ksh 136,894 | Ksh 995,008 |
| Year 2 | Ksh 10,713 | Ksh 273,058 | Ksh 989,287 |
| Year 3 | Ksh 17,271 | Ksh 408,386 | Ksh 982,729 |
| Year 4 | Ksh 24,787 | Ksh 542,756 | Ksh 975,213 |
| Year 5 | Ksh 33,401 | Ksh 676,026 | Ksh 966,599 |
| Year 6 | Ksh 43,275 | Ksh 808,038 | Ksh 956,725 |
| Year 7 | Ksh 54,592 | Ksh 938,607 | Ksh 945,408 |
| Year 8 | Ksh 67,563 | Ksh 1,067,521 | Ksh 932,437 |
| Year 9 | Ksh 82,430 | Ksh 1,194,539 | Ksh 917,570 |
| Year 10 | Ksh 99,470 | Ksh 1,319,385 | Ksh 900,530 |
| Year 11 | Ksh 119,001 | Ksh 1,441,740 | Ksh 880,999 |
| Year 12 | Ksh 141,387 | Ksh 1,561,240 | Ksh 858,613 |
| Year 13 | Ksh 167,044 | Ksh 1,677,468 | Ksh 832,956 |
| Year 14 | Ksh 196,452 | Ksh 1,789,945 | Ksh 803,548 |
| Year 15 | Ksh 230,158 | Ksh 1,898,125 | Ksh 769,842 |
| Year 16 | Ksh 268,791 | Ksh 2,001,378 | Ksh 731,209 |
| Year 17 | Ksh 313,071 | Ksh 2,098,984 | Ksh 686,929 |
| Year 18 | Ksh 363,822 | Ksh 2,190,117 | Ksh 636,178 |
| Year 19 | Ksh 421,992 | Ksh 2,273,833 | Ksh 578,008 |
| Year 20 | Ksh 488,664 | Ksh 2,349,047 | Ksh 511,336 |
| Year 21 | Ksh 565,081 | Ksh 2,414,515 | Ksh 434,919 |
| Year 22 | Ksh 652,668 | Ksh 2,468,814 | Ksh 347,332 |
| Year 23 | Ksh 753,057 | Ksh 2,510,310 | Ksh 246,943 |
| Year 24 | Ksh 868,120 | Ksh 2,537,133 | Ksh 131,880 |
| Year 25 | Ksh 1,000,000 | Ksh 2,547,138 | 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 25 years would run about Ksh 9,342/month — saving Ksh 744,537 in interest. See the Citibank N.A. Kenya version →