Ksh 10,000,000 loan at Ecobank Kenya for 1 years.
At Ecobank Kenya's current lending rate of 13.72%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 896,554. Total cost: Ksh 10,758,651 (Ksh 758,651 interest).
Monthly repayment
Ksh 896,554
At 13.72% · 12 payments
Total repayment
Ksh 10,758,651
1.08× the borrowed amount
Total interest
Ksh 758,651
Ksh 97,277 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 10,000,000 | Ksh 758,651 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 188,642 in interest. See the Citibank N.A. Kenya version →