Ksh 5,000,000 loan at KCB Bank Kenya for 15 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 72,600. Total cost: Ksh 13,068,018 (Ksh 8,068,018 interest).
Monthly repayment
Ksh 72,600
At 15.76% · 180 payments
Total repayment
Ksh 13,068,018
2.61× the borrowed amount
Total interest
Ksh 8,068,018
Ksh 199,408 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 89,482 | Ksh 781,719 | Ksh 4,910,518 |
| Year 2 | Ksh 194,131 | Ksh 1,548,271 | Ksh 4,805,869 |
| Year 3 | Ksh 316,518 | Ksh 2,297,085 | Ksh 4,683,482 |
| Year 4 | Ksh 459,649 | Ksh 3,025,155 | Ksh 4,540,351 |
| Year 5 | Ksh 627,041 | Ksh 3,728,965 | Ksh 4,372,959 |
| Year 6 | Ksh 822,805 | Ksh 4,404,402 | Ksh 4,177,195 |
| Year 7 | Ksh 1,051,750 | Ksh 5,046,658 | Ksh 3,948,250 |
| Year 8 | Ksh 1,319,501 | Ksh 5,650,108 | Ksh 3,680,499 |
| Year 9 | Ksh 1,632,636 | Ksh 6,208,175 | Ksh 3,367,364 |
| Year 10 | Ksh 1,998,845 | Ksh 6,713,167 | Ksh 3,001,155 |
| Year 11 | Ksh 2,427,126 | Ksh 7,156,087 | Ksh 2,572,874 |
| Year 12 | Ksh 2,928,000 | Ksh 7,526,415 | Ksh 2,072,000 |
| Year 13 | Ksh 3,513,771 | Ksh 7,811,845 | Ksh 1,486,229 |
| Year 14 | Ksh 4,198,828 | Ksh 7,997,989 | Ksh 801,172 |
| Year 15 | Ksh 5,000,000 | Ksh 8,068,018 | 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 15 years would run about Ksh 54,837/month — saving Ksh 3,197,399 in interest. See the Citibank N.A. Kenya version →