Ksh 1,000,000 loan at Kingdom Bank for 2 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 48,868. Total cost: Ksh 1,172,822 (Ksh 172,822 interest).
Monthly repayment
Ksh 48,868
At 15.80% · 24 payments
Total repayment
Ksh 1,172,822
1.17× the borrowed amount
Total interest
Ksh 172,822
Ksh 4,119 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 460,838 | Ksh 125,573 | Ksh 539,162 |
| Year 2 | Ksh 1,000,000 | Ksh 172,822 | 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 2 years would run about Ksh 46,311/month — saving Ksh 61,352 in interest. See the Citibank N.A. Kenya version →