Ksh 1,000,000 loan at KCB Bank Kenya for 2 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 48,849. Total cost: Ksh 1,172,364 (Ksh 172,364 interest).
Monthly repayment
Ksh 48,849
At 15.76% · 24 payments
Total repayment
Ksh 1,172,364
1.17× the borrowed amount
Total interest
Ksh 172,364
Ksh 3,661 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 460,936 | Ksh 125,246 | Ksh 539,064 |
| Year 2 | Ksh 1,000,000 | Ksh 172,364 | 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 2 years would run about Ksh 46,311/month — saving Ksh 60,894 in interest. See the Citibank N.A. Kenya version →