Ksh 500,000 loan at KCB Bank Kenya for 3 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 17,519. Total cost: Ksh 630,696 (Ksh 130,696 interest).
Monthly repayment
Ksh 17,519
At 15.76% · 36 payments
Total repayment
Ksh 630,696
1.26× the borrowed amount
Total interest
Ksh 130,696
Ksh 2,835 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 141,354 | Ksh 68,878 | Ksh 358,646 |
| Year 2 | Ksh 306,667 | Ksh 113,797 | Ksh 193,333 |
| Year 3 | Ksh 500,000 | Ksh 130,696 | 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 3 years would run about Ksh 16,218/month — saving Ksh 46,839 in interest. See the Citibank N.A. Kenya version →