Ksh 500,000 loan at KCB Bank Kenya for 10 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 8,301. Total cost: Ksh 996,124 (Ksh 496,123 interest).
Monthly repayment
Ksh 8,301
At 15.76% · 120 payments
Total repayment
Ksh 996,124
1.99× the borrowed amount
Total interest
Ksh 496,123
Ksh 11,883 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 22,383 | Ksh 77,229 | Ksh 477,617 |
| Year 2 | Ksh 48,561 | Ksh 150,664 | Ksh 451,439 |
| Year 3 | Ksh 79,175 | Ksh 219,662 | Ksh 420,825 |
| Year 4 | Ksh 114,979 | Ksh 283,471 | Ksh 385,021 |
| Year 5 | Ksh 156,851 | Ksh 341,211 | Ksh 343,149 |
| Year 6 | Ksh 205,820 | Ksh 391,854 | Ksh 294,180 |
| Year 7 | Ksh 263,089 | Ksh 434,197 | Ksh 236,911 |
| Year 8 | Ksh 330,066 | Ksh 466,833 | Ksh 169,934 |
| Year 9 | Ksh 408,395 | Ksh 488,116 | Ksh 91,605 |
| Year 10 | Ksh 500,000 | Ksh 496,123 | 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 500,000 loan over 10 years would run about Ksh 6,708/month — saving Ksh 191,209 in interest. See the Citibank N.A. Kenya version →