Ksh 2,000,000 loan at KCB Bank Kenya for 20 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 2,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 27,466. Total cost: Ksh 6,591,751 (Ksh 4,591,750 interest).
Monthly repayment
Ksh 27,466
At 15.76% · 240 payments
Total repayment
Ksh 6,591,751
3.30× the borrowed amount
Total interest
Ksh 4,591,750
Ksh 114,561 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 15,474 | Ksh 314,114 | Ksh 1,984,526 |
| Year 2 | Ksh 33,570 | Ksh 625,605 | Ksh 1,966,430 |
| Year 3 | Ksh 54,734 | Ksh 934,029 | Ksh 1,945,266 |
| Year 4 | Ksh 79,485 | Ksh 1,238,866 | Ksh 1,920,515 |
| Year 5 | Ksh 108,431 | Ksh 1,539,507 | Ksh 1,891,569 |
| Year 6 | Ksh 142,283 | Ksh 1,835,242 | Ksh 1,857,717 |
| Year 7 | Ksh 181,873 | Ksh 2,125,239 | Ksh 1,818,127 |
| Year 8 | Ksh 228,174 | Ksh 2,408,526 | Ksh 1,771,826 |
| Year 9 | Ksh 282,322 | Ksh 2,683,965 | Ksh 1,717,678 |
| Year 10 | Ksh 345,649 | Ksh 2,950,226 | Ksh 1,654,351 |
| Year 11 | Ksh 419,709 | Ksh 3,205,754 | Ksh 1,580,291 |
| Year 12 | Ksh 506,322 | Ksh 3,448,728 | Ksh 1,493,678 |
| Year 13 | Ksh 607,616 | Ksh 3,677,021 | Ksh 1,392,384 |
| Year 14 | Ksh 726,079 | Ksh 3,888,146 | Ksh 1,273,921 |
| Year 15 | Ksh 864,621 | Ksh 4,079,191 | Ksh 1,135,379 |
| Year 16 | Ksh 1,026,646 | Ksh 4,246,754 | Ksh 973,354 |
| Year 17 | Ksh 1,216,134 | Ksh 4,386,854 | Ksh 783,866 |
| Year 18 | Ksh 1,437,739 | Ksh 4,494,836 | Ksh 562,261 |
| Year 19 | Ksh 1,696,905 | Ksh 4,565,257 | Ksh 303,095 |
| Year 20 | Ksh 2,000,000 | Ksh 4,591,750 | 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 20 years would run about Ksh 19,780/month — saving Ksh 1,844,582 in interest. See the Citibank N.A. Kenya version →