Ksh 5,000,000 loan at KCB Bank Kenya for 20 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 5,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 68,664. Total cost: Ksh 16,479,374 (Ksh 11,479,376 interest).
Monthly repayment
Ksh 68,664
At 15.76% · 240 payments
Total repayment
Ksh 16,479,374
3.30× the borrowed amount
Total interest
Ksh 11,479,376
Ksh 286,402 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 38,684 | Ksh 785,285 | Ksh 4,961,316 |
| Year 2 | Ksh 83,925 | Ksh 1,564,013 | Ksh 4,916,075 |
| Year 3 | Ksh 136,834 | Ksh 2,335,072 | Ksh 4,863,166 |
| Year 4 | Ksh 198,711 | Ksh 3,097,164 | Ksh 4,801,289 |
| Year 5 | Ksh 271,077 | Ksh 3,848,767 | Ksh 4,728,923 |
| Year 6 | Ksh 355,707 | Ksh 4,588,105 | Ksh 4,644,293 |
| Year 7 | Ksh 454,683 | Ksh 5,313,099 | Ksh 4,545,317 |
| Year 8 | Ksh 570,435 | Ksh 6,021,316 | Ksh 4,429,565 |
| Year 9 | Ksh 705,806 | Ksh 6,709,913 | Ksh 4,294,194 |
| Year 10 | Ksh 864,122 | Ksh 7,375,566 | Ksh 4,135,878 |
| Year 11 | Ksh 1,049,273 | Ksh 8,014,384 | Ksh 3,950,727 |
| Year 12 | Ksh 1,265,806 | Ksh 8,621,820 | Ksh 3,734,194 |
| Year 13 | Ksh 1,519,041 | Ksh 9,192,553 | Ksh 3,480,959 |
| Year 14 | Ksh 1,815,198 | Ksh 9,720,365 | Ksh 3,184,802 |
| Year 15 | Ksh 2,161,554 | Ksh 10,197,978 | Ksh 2,838,446 |
| Year 16 | Ksh 2,566,615 | Ksh 10,616,885 | Ksh 2,433,385 |
| Year 17 | Ksh 3,040,334 | Ksh 10,967,135 | Ksh 1,959,666 |
| Year 18 | Ksh 3,594,347 | Ksh 11,237,091 | Ksh 1,405,653 |
| Year 19 | Ksh 4,242,263 | Ksh 11,413,143 | Ksh 757,737 |
| Year 20 | Ksh 5,000,000 | Ksh 11,479,376 | 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 20 years would run about Ksh 49,450/month — saving Ksh 4,611,454 in interest. See the Citibank N.A. Kenya version →