Ksh 1,000,000 loan at Kingdom Bank for 3 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 1,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 35,058. Total cost: Ksh 1,262,101 (Ksh 262,101 interest).
Monthly repayment
Ksh 35,058
At 15.80% · 36 payments
Total repayment
Ksh 1,262,101
1.26× the borrowed amount
Total interest
Ksh 262,101
Ksh 6,379 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 282,585 | Ksh 138,116 | Ksh 717,415 |
| Year 2 | Ksh 613,197 | Ksh 228,204 | Ksh 386,803 |
| Year 3 | Ksh 1,000,000 | Ksh 262,101 | 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 3 years would run about Ksh 32,436/month — saving Ksh 94,389 in interest. See the Citibank N.A. Kenya version →