Ksh 1,000,000 loan at KCB Bank Kenya for 5 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 24,191. Total cost: Ksh 1,451,443 (Ksh 451,443 interest).
Monthly repayment
Ksh 24,191
At 15.76% · 60 payments
Total repayment
Ksh 1,451,443
1.45× the borrowed amount
Total interest
Ksh 451,443
Ksh 10,152 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 142,705 | Ksh 147,583 | Ksh 857,295 |
| Year 2 | Ksh 309,599 | Ksh 270,978 | Ksh 690,401 |
| Year 3 | Ksh 504,781 | Ksh 366,085 | Ksh 495,219 |
| Year 4 | Ksh 733,045 | Ksh 428,109 | Ksh 266,955 |
| Year 5 | Ksh 1,000,000 | Ksh 451,443 | 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 5 years would run about Ksh 21,425/month — saving Ksh 165,967 in interest. See the Citibank N.A. Kenya version →