Ksh 1,000,000 loan at Kingdom Bank for 15 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 14,548. Total cost: Ksh 2,618,604 (Ksh 1,618,605 interest).
Monthly repayment
Ksh 14,548
At 15.80% · 180 payments
Total repayment
Ksh 2,618,604
2.62× the borrowed amount
Total interest
Ksh 1,618,605
Ksh 44,883 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 17,828 | Ksh 156,746 | Ksh 982,172 |
| Year 2 | Ksh 38,686 | Ksh 310,461 | Ksh 961,314 |
| Year 3 | Ksh 63,090 | Ksh 460,631 | Ksh 936,911 |
| Year 4 | Ksh 91,640 | Ksh 606,654 | Ksh 908,360 |
| Year 5 | Ksh 125,043 | Ksh 747,825 | Ksh 874,957 |
| Year 6 | Ksh 164,124 | Ksh 883,318 | Ksh 835,876 |
| Year 7 | Ksh 209,846 | Ksh 1,012,169 | Ksh 790,154 |
| Year 8 | Ksh 263,340 | Ksh 1,133,249 | Ksh 736,660 |
| Year 9 | Ksh 325,925 | Ksh 1,245,238 | Ksh 674,075 |
| Year 10 | Ksh 399,147 | Ksh 1,346,589 | Ksh 600,853 |
| Year 11 | Ksh 484,814 | Ksh 1,435,496 | Ksh 515,186 |
| Year 12 | Ksh 585,041 | Ksh 1,509,843 | Ksh 414,959 |
| Year 13 | Ksh 702,302 | Ksh 1,567,156 | Ksh 297,698 |
| Year 14 | Ksh 839,492 | Ksh 1,604,539 | Ksh 160,508 |
| Year 15 | Ksh 1,000,000 | Ksh 1,618,605 | 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 1,000,000 loan over 15 years would run about Ksh 10,967/month — saving Ksh 644,481 in interest. See the Citibank N.A. Kenya version →