Ksh 2,000,000 loan at KCB Bank Kenya for 15 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 2,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 29,040. Total cost: Ksh 5,227,207 (Ksh 3,227,207 interest).
Monthly repayment
Ksh 29,040
At 15.76% · 180 payments
Total repayment
Ksh 5,227,207
2.61× the borrowed amount
Total interest
Ksh 3,227,207
Ksh 79,763 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 35,793 | Ksh 312,688 | Ksh 1,964,207 |
| Year 2 | Ksh 77,653 | Ksh 619,308 | Ksh 1,922,347 |
| Year 3 | Ksh 126,607 | Ksh 918,834 | Ksh 1,873,393 |
| Year 4 | Ksh 183,860 | Ksh 1,210,062 | Ksh 1,816,140 |
| Year 5 | Ksh 250,816 | Ksh 1,491,586 | Ksh 1,749,184 |
| Year 6 | Ksh 329,122 | Ksh 1,761,761 | Ksh 1,670,878 |
| Year 7 | Ksh 420,700 | Ksh 2,018,663 | Ksh 1,579,300 |
| Year 8 | Ksh 527,801 | Ksh 2,260,043 | Ksh 1,472,199 |
| Year 9 | Ksh 653,054 | Ksh 2,483,270 | Ksh 1,346,946 |
| Year 10 | Ksh 799,538 | Ksh 2,685,267 | Ksh 1,200,462 |
| Year 11 | Ksh 970,851 | Ksh 2,862,435 | Ksh 1,029,149 |
| Year 12 | Ksh 1,171,200 | Ksh 3,010,566 | Ksh 828,800 |
| Year 13 | Ksh 1,405,508 | Ksh 3,124,738 | Ksh 594,492 |
| Year 14 | Ksh 1,679,531 | Ksh 3,199,196 | Ksh 320,469 |
| Year 15 | Ksh 2,000,000 | Ksh 3,227,207 | 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 15 years would run about Ksh 21,935/month — saving Ksh 1,278,959 in interest. See the Citibank N.A. Kenya version →