Ksh 1,000,000 loan at KCB Bank Kenya for 20 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 1,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 13,733. Total cost: Ksh 3,295,874 (Ksh 2,295,875 interest).
Monthly repayment
Ksh 13,733
At 15.76% · 240 payments
Total repayment
Ksh 3,295,874
3.30× the borrowed amount
Total interest
Ksh 2,295,875
Ksh 57,280 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 7,737 | Ksh 157,057 | Ksh 992,263 |
| Year 2 | Ksh 16,785 | Ksh 312,803 | Ksh 983,215 |
| Year 3 | Ksh 27,367 | Ksh 467,014 | Ksh 972,633 |
| Year 4 | Ksh 39,742 | Ksh 619,433 | Ksh 960,258 |
| Year 5 | Ksh 54,215 | Ksh 769,753 | Ksh 945,785 |
| Year 6 | Ksh 71,141 | Ksh 917,621 | Ksh 928,859 |
| Year 7 | Ksh 90,937 | Ksh 1,062,620 | Ksh 909,063 |
| Year 8 | Ksh 114,087 | Ksh 1,204,263 | Ksh 885,913 |
| Year 9 | Ksh 141,161 | Ksh 1,341,983 | Ksh 858,839 |
| Year 10 | Ksh 172,824 | Ksh 1,475,113 | Ksh 827,176 |
| Year 11 | Ksh 209,855 | Ksh 1,602,877 | Ksh 790,145 |
| Year 12 | Ksh 253,161 | Ksh 1,724,364 | Ksh 746,839 |
| Year 13 | Ksh 303,808 | Ksh 1,838,511 | Ksh 696,192 |
| Year 14 | Ksh 363,040 | Ksh 1,944,073 | Ksh 636,960 |
| Year 15 | Ksh 432,311 | Ksh 2,039,596 | Ksh 567,689 |
| Year 16 | Ksh 513,323 | Ksh 2,123,377 | Ksh 486,677 |
| Year 17 | Ksh 608,067 | Ksh 2,193,427 | Ksh 391,933 |
| Year 18 | Ksh 718,869 | Ksh 2,247,418 | Ksh 281,131 |
| Year 19 | Ksh 848,453 | Ksh 2,282,629 | Ksh 151,547 |
| Year 20 | Ksh 1,000,000 | Ksh 2,295,875 | 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 20 years would run about Ksh 9,890/month — saving Ksh 922,291 in interest. See the Citibank N.A. Kenya version →