Ksh 5,000,000 loan at KCB Bank Kenya for 25 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 5,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 67,004. Total cost: Ksh 20,101,086 (Ksh 15,101,087 interest).
Monthly repayment
Ksh 67,004
At 15.76% · 300 payments
Total repayment
Ksh 20,101,086
4.02× the borrowed amount
Total interest
Ksh 15,101,087
Ksh 375,141 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 17,255 | Ksh 786,789 | Ksh 4,982,745 |
| Year 2 | Ksh 37,434 | Ksh 1,570,653 | Ksh 4,962,566 |
| Year 3 | Ksh 61,033 | Ksh 2,351,097 | Ksh 4,938,967 |
| Year 4 | Ksh 88,633 | Ksh 3,127,541 | Ksh 4,911,367 |
| Year 5 | Ksh 120,911 | Ksh 3,899,307 | Ksh 4,879,089 |
| Year 6 | Ksh 158,659 | Ksh 4,665,602 | Ksh 4,841,341 |
| Year 7 | Ksh 202,806 | Ksh 5,425,498 | Ksh 4,797,194 |
| Year 8 | Ksh 254,436 | Ksh 6,177,912 | Ksh 4,745,564 |
| Year 9 | Ksh 314,817 | Ksh 6,921,574 | Ksh 4,685,183 |
| Year 10 | Ksh 385,432 | Ksh 7,655,003 | Ksh 4,614,568 |
| Year 11 | Ksh 468,016 | Ksh 8,376,462 | Ksh 4,531,984 |
| Year 12 | Ksh 564,598 | Ksh 9,083,923 | Ksh 4,435,402 |
| Year 13 | Ksh 677,551 | Ksh 9,775,014 | Ksh 4,322,449 |
| Year 14 | Ksh 809,649 | Ksh 10,446,960 | Ksh 4,190,351 |
| Year 15 | Ksh 964,137 | Ksh 11,096,515 | Ksh 4,035,863 |
| Year 16 | Ksh 1,144,810 | Ksh 11,719,886 | Ksh 3,855,190 |
| Year 17 | Ksh 1,356,107 | Ksh 12,312,632 | Ksh 3,643,893 |
| Year 18 | Ksh 1,603,218 | Ksh 12,869,565 | Ksh 3,396,782 |
| Year 19 | Ksh 1,892,213 | Ksh 13,384,612 | Ksh 3,107,787 |
| Year 20 | Ksh 2,230,193 | Ksh 13,850,676 | Ksh 2,769,807 |
| Year 21 | Ksh 2,625,460 | Ksh 14,259,453 | Ksh 2,374,540 |
| Year 22 | Ksh 3,087,723 | Ksh 14,601,233 | Ksh 1,912,277 |
| Year 23 | Ksh 3,628,339 | Ksh 14,864,661 | Ksh 1,371,661 |
| Year 24 | Ksh 4,260,587 | Ksh 15,036,456 | Ksh 739,413 |
| Year 25 | Ksh 5,000,000 | Ksh 15,101,087 | 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 25 years would run about Ksh 46,710/month — saving Ksh 6,088,079 in interest. See the Citibank N.A. Kenya version →