Ksh 1,000,000 loan at Kingdom Bank for 25 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 13,432. Total cost: Ksh 4,029,615 (Ksh 3,029,615 interest).
Monthly repayment
Ksh 13,432
At 15.80% · 300 payments
Total repayment
Ksh 4,029,615
4.03× the borrowed amount
Total interest
Ksh 3,029,615
Ksh 84,426 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 3,426 | Ksh 157,759 | Ksh 996,574 |
| Year 2 | Ksh 7,434 | Ksh 314,936 | Ksh 992,566 |
| Year 3 | Ksh 12,123 | Ksh 471,431 | Ksh 987,877 |
| Year 4 | Ksh 17,609 | Ksh 627,130 | Ksh 982,391 |
| Year 5 | Ksh 24,027 | Ksh 781,896 | Ksh 975,973 |
| Year 6 | Ksh 31,536 | Ksh 935,571 | Ksh 968,464 |
| Year 7 | Ksh 40,322 | Ksh 1,087,971 | Ksh 959,678 |
| Year 8 | Ksh 50,600 | Ksh 1,238,876 | Ksh 949,400 |
| Year 9 | Ksh 62,626 | Ksh 1,388,035 | Ksh 937,374 |
| Year 10 | Ksh 76,696 | Ksh 1,535,150 | Ksh 923,304 |
| Year 11 | Ksh 93,156 | Ksh 1,679,874 | Ksh 906,844 |
| Year 12 | Ksh 112,415 | Ksh 1,821,800 | Ksh 887,585 |
| Year 13 | Ksh 134,946 | Ksh 1,960,453 | Ksh 865,054 |
| Year 14 | Ksh 161,307 | Ksh 2,095,277 | Ksh 838,693 |
| Year 15 | Ksh 192,149 | Ksh 2,225,620 | Ksh 807,851 |
| Year 16 | Ksh 228,232 | Ksh 2,350,722 | Ksh 771,768 |
| Year 17 | Ksh 270,448 | Ksh 2,469,691 | Ksh 729,552 |
| Year 18 | Ksh 319,838 | Ksh 2,581,484 | Ksh 680,162 |
| Year 19 | Ksh 377,624 | Ksh 2,684,884 | Ksh 622,376 |
| Year 20 | Ksh 445,230 | Ksh 2,778,462 | Ksh 554,770 |
| Year 21 | Ksh 524,326 | Ksh 2,860,550 | Ksh 475,674 |
| Year 22 | Ksh 616,866 | Ksh 2,929,195 | Ksh 383,134 |
| Year 23 | Ksh 725,134 | Ksh 2,982,112 | Ksh 274,866 |
| Year 24 | Ksh 851,803 | Ksh 3,016,628 | Ksh 148,197 |
| Year 25 | Ksh 1,000,000 | Ksh 3,029,615 | 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 25 years would run about Ksh 9,342/month — saving Ksh 1,227,014 in interest. See the Citibank N.A. Kenya version →