Ksh 2,000,000 loan at KCB Bank Kenya for 5 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 48,381. Total cost: Ksh 2,902,886 (Ksh 902,887 interest).
Monthly repayment
Ksh 48,381
At 15.76% · 60 payments
Total repayment
Ksh 2,902,886
1.45× the borrowed amount
Total interest
Ksh 902,887
Ksh 20,305 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 285,411 | Ksh 295,166 | Ksh 1,714,589 |
| Year 2 | Ksh 619,198 | Ksh 541,956 | Ksh 1,380,802 |
| Year 3 | Ksh 1,009,562 | Ksh 732,170 | Ksh 990,438 |
| Year 4 | Ksh 1,466,091 | Ksh 856,219 | Ksh 533,909 |
| Year 5 | Ksh 2,000,000 | Ksh 902,887 | 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 5 years would run about Ksh 42,849/month — saving Ksh 331,933 in interest. See the Citibank N.A. Kenya version →