Ksh 10,000,000 loan at KCB Bank Kenya for 10 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 166,021. Total cost: Ksh 19,922,465 (Ksh 9,922,464 interest).
Monthly repayment
Ksh 166,021
At 15.76% · 120 payments
Total repayment
Ksh 19,922,465
1.99× the borrowed amount
Total interest
Ksh 9,922,464
Ksh 237,660 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 447,669 | Ksh 1,544,577 | Ksh 9,552,331 |
| Year 2 | Ksh 971,217 | Ksh 3,013,276 | Ksh 9,028,783 |
| Year 3 | Ksh 1,583,505 | Ksh 4,393,234 | Ksh 8,416,495 |
| Year 4 | Ksh 2,299,575 | Ksh 5,669,411 | Ksh 7,700,425 |
| Year 5 | Ksh 3,137,016 | Ksh 6,824,216 | Ksh 6,862,984 |
| Year 6 | Ksh 4,116,401 | Ksh 7,837,077 | Ksh 5,883,599 |
| Year 7 | Ksh 5,261,790 | Ksh 8,683,935 | Ksh 4,738,210 |
| Year 8 | Ksh 6,601,319 | Ksh 9,336,653 | Ksh 3,398,681 |
| Year 9 | Ksh 8,167,894 | Ksh 9,762,324 | Ksh 1,832,106 |
| Year 10 | Ksh 10,000,000 | Ksh 9,922,464 | 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 10 years would run about Ksh 134,152/month — saving Ksh 3,824,190 in interest. See the Citibank N.A. Kenya version →