Ksh 2,000,000 loan at KCB Bank Kenya for 25 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 2,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 26,801. Total cost: Ksh 8,040,435 (Ksh 6,040,435 interest).
Monthly repayment
Ksh 26,801
At 15.76% · 300 payments
Total repayment
Ksh 8,040,435
4.02× the borrowed amount
Total interest
Ksh 6,040,435
Ksh 150,056 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 6,902 | Ksh 314,716 | Ksh 1,993,098 |
| Year 2 | Ksh 14,974 | Ksh 628,261 | Ksh 1,985,026 |
| Year 3 | Ksh 24,413 | Ksh 940,439 | Ksh 1,975,587 |
| Year 4 | Ksh 35,453 | Ksh 1,251,016 | Ksh 1,964,547 |
| Year 5 | Ksh 48,364 | Ksh 1,559,723 | Ksh 1,951,636 |
| Year 6 | Ksh 63,464 | Ksh 1,866,241 | Ksh 1,936,536 |
| Year 7 | Ksh 81,122 | Ksh 2,170,199 | Ksh 1,918,878 |
| Year 8 | Ksh 101,774 | Ksh 2,471,165 | Ksh 1,898,226 |
| Year 9 | Ksh 125,927 | Ksh 2,768,630 | Ksh 1,874,073 |
| Year 10 | Ksh 154,173 | Ksh 3,062,001 | Ksh 1,845,827 |
| Year 11 | Ksh 187,206 | Ksh 3,350,585 | Ksh 1,812,794 |
| Year 12 | Ksh 225,839 | Ksh 3,633,569 | Ksh 1,774,161 |
| Year 13 | Ksh 271,020 | Ksh 3,910,006 | Ksh 1,728,980 |
| Year 14 | Ksh 323,859 | Ksh 4,178,784 | Ksh 1,676,141 |
| Year 15 | Ksh 385,655 | Ksh 4,438,606 | Ksh 1,614,345 |
| Year 16 | Ksh 457,924 | Ksh 4,687,954 | Ksh 1,542,076 |
| Year 17 | Ksh 542,443 | Ksh 4,925,053 | Ksh 1,457,557 |
| Year 18 | Ksh 641,287 | Ksh 5,147,826 | Ksh 1,358,713 |
| Year 19 | Ksh 756,885 | Ksh 5,353,845 | Ksh 1,243,115 |
| Year 20 | Ksh 892,077 | Ksh 5,540,270 | Ksh 1,107,923 |
| Year 21 | Ksh 1,050,184 | Ksh 5,703,781 | Ksh 949,816 |
| Year 22 | Ksh 1,235,089 | Ksh 5,840,493 | Ksh 764,911 |
| Year 23 | Ksh 1,451,335 | Ksh 5,945,864 | Ksh 548,665 |
| Year 24 | Ksh 1,704,235 | Ksh 6,014,582 | Ksh 295,765 |
| Year 25 | Ksh 2,000,000 | Ksh 6,040,435 | 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 25 years would run about Ksh 18,684/month — saving Ksh 2,435,232 in interest. See the Citibank N.A. Kenya version →