Ksh 10,000,000 loan at KCB Bank Kenya for 25 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 10,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 134,007. Total cost: Ksh 40,202,172 (Ksh 30,202,173 interest).
Monthly repayment
Ksh 134,007
At 15.76% · 300 payments
Total repayment
Ksh 40,202,172
4.02× the borrowed amount
Total interest
Ksh 30,202,173
Ksh 750,282 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 34,509 | Ksh 1,573,578 | Ksh 9,965,491 |
| Year 2 | Ksh 74,868 | Ksh 3,141,306 | Ksh 9,925,132 |
| Year 3 | Ksh 122,067 | Ksh 4,702,194 | Ksh 9,877,933 |
| Year 4 | Ksh 177,266 | Ksh 6,255,082 | Ksh 9,822,734 |
| Year 5 | Ksh 241,821 | Ksh 7,798,613 | Ksh 9,758,179 |
| Year 6 | Ksh 317,318 | Ksh 9,331,203 | Ksh 9,682,682 |
| Year 7 | Ksh 405,612 | Ksh 10,850,996 | Ksh 9,594,388 |
| Year 8 | Ksh 508,872 | Ksh 12,355,824 | Ksh 9,491,128 |
| Year 9 | Ksh 629,633 | Ksh 13,843,149 | Ksh 9,370,367 |
| Year 10 | Ksh 770,864 | Ksh 15,310,005 | Ksh 9,229,136 |
| Year 11 | Ksh 936,032 | Ksh 16,752,924 | Ksh 9,063,968 |
| Year 12 | Ksh 1,129,197 | Ksh 18,167,847 | Ksh 8,870,803 |
| Year 13 | Ksh 1,355,102 | Ksh 19,550,028 | Ksh 8,644,898 |
| Year 14 | Ksh 1,619,297 | Ksh 20,893,920 | Ksh 8,380,703 |
| Year 15 | Ksh 1,928,273 | Ksh 22,193,031 | Ksh 8,071,727 |
| Year 16 | Ksh 2,289,619 | Ksh 23,439,771 | Ksh 7,710,381 |
| Year 17 | Ksh 2,712,213 | Ksh 24,625,265 | Ksh 7,287,787 |
| Year 18 | Ksh 3,206,435 | Ksh 25,739,129 | Ksh 6,793,565 |
| Year 19 | Ksh 3,784,427 | Ksh 26,769,225 | Ksh 6,215,573 |
| Year 20 | Ksh 4,460,387 | Ksh 27,701,352 | Ksh 5,539,613 |
| Year 21 | Ksh 5,250,920 | Ksh 28,518,906 | Ksh 4,749,080 |
| Year 22 | Ksh 6,175,446 | Ksh 29,202,466 | Ksh 3,824,554 |
| Year 23 | Ksh 7,256,677 | Ksh 29,729,322 | Ksh 2,743,323 |
| Year 24 | Ksh 8,521,174 | Ksh 30,072,912 | Ksh 1,478,826 |
| Year 25 | Ksh 10,000,000 | Ksh 30,202,173 | 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 25 years would run about Ksh 93,420/month — saving Ksh 12,176,158 in interest. See the Citibank N.A. Kenya version →