Ksh 10,000,000 loan at KCB Bank Kenya for 3 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 10,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 350,387. Total cost: Ksh 12,613,917 (Ksh 2,613,917 interest).
Monthly repayment
Ksh 350,387
At 15.76% · 36 payments
Total repayment
Ksh 12,613,917
1.26× the borrowed amount
Total interest
Ksh 2,613,917
Ksh 56,690 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 2,827,078 | Ksh 1,377,561 | Ksh 7,172,922 |
| Year 2 | Ksh 6,133,338 | Ksh 2,275,941 | Ksh 3,866,662 |
| Year 3 | Ksh 10,000,000 | Ksh 2,613,917 | 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 3 years would run about Ksh 324,365/month — saving Ksh 936,789 in interest. See the Citibank N.A. Kenya version →