Ksh 5,000,000 loan at KCB Bank Kenya for 3 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 175,193. Total cost: Ksh 6,306,959 (Ksh 1,306,959 interest).
Monthly repayment
Ksh 175,193
At 15.76% · 36 payments
Total repayment
Ksh 6,306,959
1.26× the borrowed amount
Total interest
Ksh 1,306,959
Ksh 28,345 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 1,413,539 | Ksh 688,781 | Ksh 3,586,461 |
| Year 2 | Ksh 3,066,669 | Ksh 1,137,970 | Ksh 1,933,331 |
| Year 3 | Ksh 5,000,000 | Ksh 1,306,959 | 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 3 years would run about Ksh 162,182/month — saving Ksh 468,394 in interest. See the Citibank N.A. Kenya version →