Ksh 5,000,000 loan at KCB Bank Kenya for 5 years.
At KCB Bank Kenya's current lending rate of 15.76%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 120,954. Total cost: Ksh 7,257,217 (Ksh 2,257,216 interest).
Monthly repayment
Ksh 120,954
At 15.76% · 60 payments
Total repayment
Ksh 7,257,217
1.45× the borrowed amount
Total interest
Ksh 2,257,216
Ksh 50,762 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 713,527 | Ksh 737,916 | Ksh 4,286,473 |
| Year 2 | Ksh 1,547,996 | Ksh 1,354,891 | Ksh 3,452,004 |
| Year 3 | Ksh 2,523,904 | Ksh 1,830,426 | Ksh 2,476,096 |
| Year 4 | Ksh 3,665,226 | Ksh 2,140,547 | Ksh 1,334,774 |
| Year 5 | Ksh 5,000,000 | Ksh 2,257,216 | 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 5 years would run about Ksh 107,123/month — saving Ksh 829,833 in interest. See the Citibank N.A. Kenya version →