Ksh 500,000 loan at Ecobank Kenya for 5 years.
At Ecobank Kenya's current lending rate of 13.72%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 11,562. Total cost: Ksh 693,700 (Ksh 193,700 interest).
Monthly repayment
Ksh 11,562
At 13.72% · 60 payments
Total repayment
Ksh 693,700
1.39× the borrowed amount
Total interest
Ksh 193,700
Ksh 26,945 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 74,723 | Ksh 64,017 | Ksh 425,277 |
| Year 2 | Ksh 160,368 | Ksh 117,112 | Ksh 339,632 |
| Year 3 | Ksh 258,532 | Ksh 157,688 | Ksh 241,468 |
| Year 4 | Ksh 371,043 | Ksh 183,917 | Ksh 128,957 |
| Year 5 | Ksh 500,000 | Ksh 193,700 | 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 5 years would run about Ksh 10,712/month — saving Ksh 50,962 in interest. See the Citibank N.A. Kenya version →