Ksh 500,000 loan at KCB Bank Kenya for 15 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 500,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 7,260. Total cost: Ksh 1,306,802 (Ksh 806,802 interest).
Monthly repayment
Ksh 7,260
At 15.76% · 180 payments
Total repayment
Ksh 1,306,802
2.61× the borrowed amount
Total interest
Ksh 806,802
Ksh 19,941 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 8,948 | Ksh 78,172 | Ksh 491,052 |
| Year 2 | Ksh 19,413 | Ksh 154,827 | Ksh 480,587 |
| Year 3 | Ksh 31,652 | Ksh 229,709 | Ksh 468,348 |
| Year 4 | Ksh 45,965 | Ksh 302,516 | Ksh 454,035 |
| Year 5 | Ksh 62,704 | Ksh 372,897 | Ksh 437,296 |
| Year 6 | Ksh 82,280 | Ksh 440,440 | Ksh 417,720 |
| Year 7 | Ksh 105,175 | Ksh 504,666 | Ksh 394,825 |
| Year 8 | Ksh 131,950 | Ksh 565,011 | Ksh 368,050 |
| Year 9 | Ksh 163,264 | Ksh 620,818 | Ksh 336,736 |
| Year 10 | Ksh 199,885 | Ksh 671,317 | Ksh 300,115 |
| Year 11 | Ksh 242,713 | Ksh 715,609 | Ksh 257,287 |
| Year 12 | Ksh 292,800 | Ksh 752,641 | Ksh 207,200 |
| Year 13 | Ksh 351,377 | Ksh 781,185 | Ksh 148,623 |
| Year 14 | Ksh 419,883 | Ksh 799,799 | Ksh 80,117 |
| Year 15 | Ksh 500,000 | Ksh 806,802 | 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 15 years would run about Ksh 5,484/month — saving Ksh 319,740 in interest. See the Citibank N.A. Kenya version →