Ksh 10,000,000 loan at KCB Bank Kenya for 15 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 145,200. Total cost: Ksh 26,136,036 (Ksh 16,136,037 interest).
Monthly repayment
Ksh 145,200
At 15.76% · 180 payments
Total repayment
Ksh 26,136,036
2.61× the borrowed amount
Total interest
Ksh 16,136,037
Ksh 398,817 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 178,964 | Ksh 1,563,438 | Ksh 9,821,036 |
| Year 2 | Ksh 388,263 | Ksh 3,096,542 | Ksh 9,611,737 |
| Year 3 | Ksh 633,036 | Ksh 4,594,171 | Ksh 9,366,964 |
| Year 4 | Ksh 919,299 | Ksh 6,050,311 | Ksh 9,080,701 |
| Year 5 | Ksh 1,254,082 | Ksh 7,457,930 | Ksh 8,745,918 |
| Year 6 | Ksh 1,645,610 | Ksh 8,808,805 | Ksh 8,354,390 |
| Year 7 | Ksh 2,103,501 | Ksh 10,093,316 | Ksh 7,896,499 |
| Year 8 | Ksh 2,639,003 | Ksh 11,300,217 | Ksh 7,360,997 |
| Year 9 | Ksh 3,265,271 | Ksh 12,416,351 | Ksh 6,734,729 |
| Year 10 | Ksh 3,997,690 | Ksh 13,426,334 | Ksh 6,002,310 |
| Year 11 | Ksh 4,854,253 | Ksh 14,312,174 | Ksh 5,145,747 |
| Year 12 | Ksh 5,856,000 | Ksh 15,052,829 | Ksh 4,144,000 |
| Year 13 | Ksh 7,027,541 | Ksh 15,623,691 | Ksh 2,972,459 |
| Year 14 | Ksh 8,397,655 | Ksh 15,995,979 | Ksh 1,602,345 |
| Year 15 | Ksh 10,000,000 | Ksh 16,136,037 | 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 15 years would run about Ksh 109,674/month — saving Ksh 6,394,797 in interest. See the Citibank N.A. Kenya version →