Ksh 2,000,000 loan at KCB Bank Kenya for 10 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 2,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 33,204. Total cost: Ksh 3,984,493 (Ksh 1,984,493 interest).
Monthly repayment
Ksh 33,204
At 15.76% · 120 payments
Total repayment
Ksh 3,984,493
1.99× the borrowed amount
Total interest
Ksh 1,984,493
Ksh 47,532 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 89,534 | Ksh 308,915 | Ksh 1,910,466 |
| Year 2 | Ksh 194,243 | Ksh 602,655 | Ksh 1,805,757 |
| Year 3 | Ksh 316,701 | Ksh 878,647 | Ksh 1,683,299 |
| Year 4 | Ksh 459,915 | Ksh 1,133,882 | Ksh 1,540,085 |
| Year 5 | Ksh 627,403 | Ksh 1,364,843 | Ksh 1,372,597 |
| Year 6 | Ksh 823,280 | Ksh 1,567,415 | Ksh 1,176,720 |
| Year 7 | Ksh 1,052,358 | Ksh 1,736,787 | Ksh 947,642 |
| Year 8 | Ksh 1,320,264 | Ksh 1,867,331 | Ksh 679,736 |
| Year 9 | Ksh 1,633,579 | Ksh 1,952,465 | Ksh 366,421 |
| Year 10 | Ksh 2,000,000 | Ksh 1,984,493 | 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 10 years would run about Ksh 26,830/month — saving Ksh 764,838 in interest. See the Citibank N.A. Kenya version →