Ksh 1,000,000 loan at KCB Bank Kenya for 15 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 14,520. Total cost: Ksh 2,613,604 (Ksh 1,613,604 interest).
Monthly repayment
Ksh 14,520
At 15.76% · 180 payments
Total repayment
Ksh 2,613,604
2.61× the borrowed amount
Total interest
Ksh 1,613,604
Ksh 39,882 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 17,896 | Ksh 156,344 | Ksh 982,104 |
| Year 2 | Ksh 38,826 | Ksh 309,654 | Ksh 961,174 |
| Year 3 | Ksh 63,304 | Ksh 459,417 | Ksh 936,696 |
| Year 4 | Ksh 91,930 | Ksh 605,031 | Ksh 908,070 |
| Year 5 | Ksh 125,408 | Ksh 745,793 | Ksh 874,592 |
| Year 6 | Ksh 164,561 | Ksh 880,880 | Ksh 835,439 |
| Year 7 | Ksh 210,350 | Ksh 1,009,332 | Ksh 789,650 |
| Year 8 | Ksh 263,900 | Ksh 1,130,022 | Ksh 736,100 |
| Year 9 | Ksh 326,527 | Ksh 1,241,635 | Ksh 673,473 |
| Year 10 | Ksh 399,769 | Ksh 1,342,633 | Ksh 600,231 |
| Year 11 | Ksh 485,425 | Ksh 1,431,217 | Ksh 514,575 |
| Year 12 | Ksh 585,600 | Ksh 1,505,283 | Ksh 414,400 |
| Year 13 | Ksh 702,754 | Ksh 1,562,369 | Ksh 297,246 |
| Year 14 | Ksh 839,766 | Ksh 1,599,598 | Ksh 160,234 |
| Year 15 | Ksh 1,000,000 | Ksh 1,613,604 | 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 15 years would run about Ksh 10,967/month — saving Ksh 639,480 in interest. See the Citibank N.A. Kenya version →