Ksh 1,000,000 loan at KCB Bank Kenya for 3 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 1,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 35,039. Total cost: Ksh 1,261,392 (Ksh 261,392 interest).
Monthly repayment
Ksh 35,039
At 15.76% · 36 payments
Total repayment
Ksh 1,261,392
1.26× the borrowed amount
Total interest
Ksh 261,392
Ksh 5,669 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 282,708 | Ksh 137,756 | Ksh 717,292 |
| Year 2 | Ksh 613,334 | Ksh 227,594 | Ksh 386,666 |
| Year 3 | Ksh 1,000,000 | Ksh 261,392 | 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 3 years would run about Ksh 32,436/month — saving Ksh 93,679 in interest. See the Citibank N.A. Kenya version →