Ksh 5,000,000 loan at KCB Bank Kenya for 10 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 83,010. Total cost: Ksh 9,961,232 (Ksh 4,961,232 interest).
Monthly repayment
Ksh 83,010
At 15.76% · 120 payments
Total repayment
Ksh 9,961,232
1.99× the borrowed amount
Total interest
Ksh 4,961,232
Ksh 118,830 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 223,835 | Ksh 772,289 | Ksh 4,776,165 |
| Year 2 | Ksh 485,609 | Ksh 1,506,638 | Ksh 4,514,391 |
| Year 3 | Ksh 791,753 | Ksh 2,196,617 | Ksh 4,208,247 |
| Year 4 | Ksh 1,149,787 | Ksh 2,834,706 | Ksh 3,850,213 |
| Year 5 | Ksh 1,568,508 | Ksh 3,412,108 | Ksh 3,431,492 |
| Year 6 | Ksh 2,058,201 | Ksh 3,918,539 | Ksh 2,941,799 |
| Year 7 | Ksh 2,630,895 | Ksh 4,341,968 | Ksh 2,369,105 |
| Year 8 | Ksh 3,300,659 | Ksh 4,668,326 | Ksh 1,699,341 |
| Year 9 | Ksh 4,083,947 | Ksh 4,881,162 | Ksh 916,053 |
| Year 10 | Ksh 5,000,000 | Ksh 4,961,232 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 1,912,095 in interest. See the Citibank N.A. Kenya version →