Ksh 10,000,000 loan at KCB Bank Kenya for 1 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 906,173. Total cost: Ksh 10,874,079 (Ksh 874,079 interest).
Monthly repayment
Ksh 906,173
At 15.76% · 12 payments
Total repayment
Ksh 10,874,079
1.09× the borrowed amount
Total interest
Ksh 874,079
Ksh 18,151 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 10,000,000 | Ksh 874,079 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 304,070 in interest. See the Citibank N.A. Kenya version →