Ksh 2,000,000 loan at KCB Bank Kenya for 3 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 70,077. Total cost: Ksh 2,522,784 (Ksh 522,783 interest).
Monthly repayment
Ksh 70,077
At 15.76% · 36 payments
Total repayment
Ksh 2,522,784
1.26× the borrowed amount
Total interest
Ksh 522,783
Ksh 11,338 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 565,416 | Ksh 275,512 | Ksh 1,434,584 |
| Year 2 | Ksh 1,226,668 | Ksh 455,188 | Ksh 773,332 |
| Year 3 | Ksh 2,000,000 | Ksh 522,783 | 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 3 years would run about Ksh 64,873/month — saving Ksh 187,358 in interest. See the Citibank N.A. Kenya version →