Ksh 500,000 loan at KCB Bank Kenya for 25 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 500,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 6,700. Total cost: Ksh 2,010,108 (Ksh 1,510,109 interest).
Monthly repayment
Ksh 6,700
At 15.76% · 300 payments
Total repayment
Ksh 2,010,108
4.02× the borrowed amount
Total interest
Ksh 1,510,109
Ksh 37,514 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 1,725 | Ksh 78,679 | Ksh 498,275 |
| Year 2 | Ksh 3,743 | Ksh 157,065 | Ksh 496,257 |
| Year 3 | Ksh 6,103 | Ksh 235,110 | Ksh 493,897 |
| Year 4 | Ksh 8,863 | Ksh 312,754 | Ksh 491,137 |
| Year 5 | Ksh 12,091 | Ksh 389,931 | Ksh 487,909 |
| Year 6 | Ksh 15,866 | Ksh 466,560 | Ksh 484,134 |
| Year 7 | Ksh 20,281 | Ksh 542,550 | Ksh 479,719 |
| Year 8 | Ksh 25,444 | Ksh 617,791 | Ksh 474,556 |
| Year 9 | Ksh 31,482 | Ksh 692,157 | Ksh 468,518 |
| Year 10 | Ksh 38,543 | Ksh 765,500 | Ksh 461,457 |
| Year 11 | Ksh 46,802 | Ksh 837,646 | Ksh 453,198 |
| Year 12 | Ksh 56,460 | Ksh 908,392 | Ksh 443,540 |
| Year 13 | Ksh 67,755 | Ksh 977,501 | Ksh 432,245 |
| Year 14 | Ksh 80,965 | Ksh 1,044,696 | Ksh 419,035 |
| Year 15 | Ksh 96,414 | Ksh 1,109,652 | Ksh 403,586 |
| Year 16 | Ksh 114,481 | Ksh 1,171,989 | Ksh 385,519 |
| Year 17 | Ksh 135,611 | Ksh 1,231,263 | Ksh 364,389 |
| Year 18 | Ksh 160,322 | Ksh 1,286,956 | Ksh 339,678 |
| Year 19 | Ksh 189,221 | Ksh 1,338,461 | Ksh 310,779 |
| Year 20 | Ksh 223,019 | Ksh 1,385,068 | Ksh 276,981 |
| Year 21 | Ksh 262,546 | Ksh 1,425,945 | Ksh 237,454 |
| Year 22 | Ksh 308,772 | Ksh 1,460,123 | Ksh 191,228 |
| Year 23 | Ksh 362,834 | Ksh 1,486,466 | Ksh 137,166 |
| Year 24 | Ksh 426,059 | Ksh 1,503,646 | Ksh 73,941 |
| Year 25 | Ksh 500,000 | Ksh 1,510,109 | 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 25 years would run about Ksh 4,671/month — saving Ksh 608,808 in interest. See the Citibank N.A. Kenya version →