Ksh 10,000,000 loan at KCB Bank Kenya for 5 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 241,907. Total cost: Ksh 14,514,433 (Ksh 4,514,433 interest).
Monthly repayment
Ksh 241,907
At 15.76% · 60 payments
Total repayment
Ksh 14,514,433
1.45× the borrowed amount
Total interest
Ksh 4,514,433
Ksh 101,524 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 1,427,055 | Ksh 1,475,832 | Ksh 8,572,945 |
| Year 2 | Ksh 3,095,991 | Ksh 2,709,782 | Ksh 6,904,009 |
| Year 3 | Ksh 5,047,808 | Ksh 3,660,852 | Ksh 4,952,192 |
| Year 4 | Ksh 7,330,453 | Ksh 4,281,093 | Ksh 2,669,547 |
| Year 5 | Ksh 10,000,000 | Ksh 4,514,433 | 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 5 years would run about Ksh 214,246/month — saving Ksh 1,659,665 in interest. See the Citibank N.A. Kenya version →