Ksh 1,000,000 loan at KCB Bank Kenya for 25 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 13,401. Total cost: Ksh 4,020,216 (Ksh 3,020,217 interest).
Monthly repayment
Ksh 13,401
At 15.76% · 300 payments
Total repayment
Ksh 4,020,216
4.02× the borrowed amount
Total interest
Ksh 3,020,217
Ksh 75,028 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 3,451 | Ksh 157,358 | Ksh 996,549 |
| Year 2 | Ksh 7,487 | Ksh 314,131 | Ksh 992,513 |
| Year 3 | Ksh 12,207 | Ksh 470,219 | Ksh 987,793 |
| Year 4 | Ksh 17,727 | Ksh 625,508 | Ksh 982,273 |
| Year 5 | Ksh 24,182 | Ksh 779,861 | Ksh 975,818 |
| Year 6 | Ksh 31,732 | Ksh 933,120 | Ksh 968,268 |
| Year 7 | Ksh 40,561 | Ksh 1,085,100 | Ksh 959,439 |
| Year 8 | Ksh 50,887 | Ksh 1,235,582 | Ksh 949,113 |
| Year 9 | Ksh 62,963 | Ksh 1,384,315 | Ksh 937,037 |
| Year 10 | Ksh 77,086 | Ksh 1,531,001 | Ksh 922,914 |
| Year 11 | Ksh 93,603 | Ksh 1,675,292 | Ksh 906,397 |
| Year 12 | Ksh 112,920 | Ksh 1,816,785 | Ksh 887,080 |
| Year 13 | Ksh 135,510 | Ksh 1,955,003 | Ksh 864,490 |
| Year 14 | Ksh 161,930 | Ksh 2,089,392 | Ksh 838,070 |
| Year 15 | Ksh 192,827 | Ksh 2,219,303 | Ksh 807,173 |
| Year 16 | Ksh 228,962 | Ksh 2,343,977 | Ksh 771,038 |
| Year 17 | Ksh 271,221 | Ksh 2,462,526 | Ksh 728,779 |
| Year 18 | Ksh 320,644 | Ksh 2,573,913 | Ksh 679,356 |
| Year 19 | Ksh 378,443 | Ksh 2,676,922 | Ksh 621,557 |
| Year 20 | Ksh 446,039 | Ksh 2,770,135 | Ksh 553,961 |
| Year 21 | Ksh 525,092 | Ksh 2,851,891 | Ksh 474,908 |
| Year 22 | Ksh 617,545 | Ksh 2,920,247 | Ksh 382,455 |
| Year 23 | Ksh 725,668 | Ksh 2,972,932 | Ksh 274,332 |
| Year 24 | Ksh 852,117 | Ksh 3,007,291 | Ksh 147,883 |
| Year 25 | Ksh 1,000,000 | Ksh 3,020,217 | 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 25 years would run about Ksh 9,342/month — saving Ksh 1,217,616 in interest. See the Citibank N.A. Kenya version →