Ksh 10,000,000 loan at KCB Bank Kenya for 20 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 10,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 137,328. Total cost: Ksh 32,958,751 (Ksh 22,958,751 interest).
Monthly repayment
Ksh 137,328
At 15.76% · 240 payments
Total repayment
Ksh 32,958,751
3.30× the borrowed amount
Total interest
Ksh 22,958,751
Ksh 572,804 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 77,368 | Ksh 1,570,569 | Ksh 9,922,632 |
| Year 2 | Ksh 167,850 | Ksh 3,128,025 | Ksh 9,832,150 |
| Year 3 | Ksh 273,668 | Ksh 4,670,144 | Ksh 9,726,332 |
| Year 4 | Ksh 397,423 | Ksh 6,194,328 | Ksh 9,602,577 |
| Year 5 | Ksh 542,153 | Ksh 7,697,535 | Ksh 9,457,847 |
| Year 6 | Ksh 711,415 | Ksh 9,176,211 | Ksh 9,288,585 |
| Year 7 | Ksh 909,366 | Ksh 10,626,197 | Ksh 9,090,634 |
| Year 8 | Ksh 1,140,869 | Ksh 12,042,631 | Ksh 8,859,131 |
| Year 9 | Ksh 1,411,612 | Ksh 13,419,826 | Ksh 8,588,388 |
| Year 10 | Ksh 1,728,244 | Ksh 14,751,131 | Ksh 8,271,756 |
| Year 11 | Ksh 2,098,546 | Ksh 16,028,768 | Ksh 7,901,454 |
| Year 12 | Ksh 2,531,612 | Ksh 17,243,639 | Ksh 7,468,388 |
| Year 13 | Ksh 3,038,081 | Ksh 18,385,107 | Ksh 6,961,919 |
| Year 14 | Ksh 3,630,396 | Ksh 19,440,729 | Ksh 6,369,604 |
| Year 15 | Ksh 4,323,107 | Ksh 20,395,956 | Ksh 5,676,893 |
| Year 16 | Ksh 5,133,231 | Ksh 21,233,770 | Ksh 4,866,769 |
| Year 17 | Ksh 6,080,668 | Ksh 21,934,270 | Ksh 3,919,332 |
| Year 18 | Ksh 7,188,694 | Ksh 22,474,182 | Ksh 2,811,306 |
| Year 19 | Ksh 8,484,527 | Ksh 22,826,287 | Ksh 1,515,473 |
| Year 20 | Ksh 10,000,000 | Ksh 22,958,751 | 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 20 years would run about Ksh 98,899/month — saving Ksh 9,222,909 in interest. See the Citibank N.A. Kenya version →