Ksh 1,000,000 loan at KCB Bank Kenya for 10 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 1,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 16,602. Total cost: Ksh 1,992,246 (Ksh 992,246 interest).
Monthly repayment
Ksh 16,602
At 15.76% · 120 payments
Total repayment
Ksh 1,992,246
1.99× the borrowed amount
Total interest
Ksh 992,246
Ksh 23,766 more 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 44,767 | Ksh 154,458 | Ksh 955,233 |
| Year 2 | Ksh 97,122 | Ksh 301,328 | Ksh 902,878 |
| Year 3 | Ksh 158,351 | Ksh 439,323 | Ksh 841,649 |
| Year 4 | Ksh 229,957 | Ksh 566,941 | Ksh 770,043 |
| Year 5 | Ksh 313,702 | Ksh 682,422 | Ksh 686,298 |
| Year 6 | Ksh 411,640 | Ksh 783,708 | Ksh 588,360 |
| Year 7 | Ksh 526,179 | Ksh 868,394 | Ksh 473,821 |
| Year 8 | Ksh 660,132 | Ksh 933,665 | Ksh 339,868 |
| Year 9 | Ksh 816,789 | Ksh 976,232 | Ksh 183,211 |
| Year 10 | Ksh 1,000,000 | Ksh 992,246 | 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 10 years would run about Ksh 13,415/month — saving Ksh 382,419 in interest. See the Citibank N.A. Kenya version →