Ksh 500,000 loan at Ecobank Kenya for 1 years.
At Ecobank Kenya's current lending rate of 13.72%, a Ksh 500,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 44,828. Total cost: Ksh 537,933 (Ksh 37,933 interest).
Monthly repayment
Ksh 44,828
At 13.72% · 12 payments
Total repayment
Ksh 537,933
1.08× the borrowed amount
Total interest
Ksh 37,933
Ksh 4,864 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 500,000 | Ksh 37,933 | 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 1 years would run about Ksh 44,042/month — saving Ksh 9,432 in interest. See the Citibank N.A. Kenya version →