Ksh 500,000 loan at KCB Bank Kenya for 5 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 12,095. Total cost: Ksh 725,722 (Ksh 225,722 interest).
Monthly repayment
Ksh 12,095
At 15.76% · 60 payments
Total repayment
Ksh 725,722
1.45× the borrowed amount
Total interest
Ksh 225,722
Ksh 5,076 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 71,353 | Ksh 73,792 | Ksh 428,647 |
| Year 2 | Ksh 154,800 | Ksh 135,489 | Ksh 345,200 |
| Year 3 | Ksh 252,390 | Ksh 183,043 | Ksh 247,610 |
| Year 4 | Ksh 366,523 | Ksh 214,055 | Ksh 133,477 |
| Year 5 | Ksh 500,000 | Ksh 225,722 | 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 5 years would run about Ksh 10,712/month — saving Ksh 82,983 in interest. See the Citibank N.A. Kenya version →