Ksh 2,000,000 loan at KCB Bank Kenya for 1 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 2,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 181,235. Total cost: Ksh 2,174,816 (Ksh 174,816 interest).
Monthly repayment
Ksh 181,235
At 15.76% · 12 payments
Total repayment
Ksh 2,174,816
1.09× the borrowed amount
Total interest
Ksh 174,816
Ksh 3,630 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 2,000,000 | Ksh 174,816 | 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 2,000,000 loan over 1 years would run about Ksh 176,167/month — saving Ksh 60,814 in interest. See the Citibank N.A. Kenya version →