Ksh 1,000,000 loan at Kingdom Bank for 5 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 24,212. Total cost: Ksh 1,452,715 (Ksh 452,715 interest).
Monthly repayment
Ksh 24,212
At 15.80% · 60 payments
Total repayment
Ksh 1,452,715
1.45× the borrowed amount
Total interest
Ksh 452,715
Ksh 11,424 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 142,575 | Ksh 147,968 | Ksh 857,425 |
| Year 2 | Ksh 309,383 | Ksh 271,703 | Ksh 690,617 |
| Year 3 | Ksh 504,540 | Ksh 367,089 | Ksh 495,460 |
| Year 4 | Ksh 732,867 | Ksh 429,305 | Ksh 267,133 |
| Year 5 | Ksh 1,000,000 | Ksh 452,715 | 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 5 years would run about Ksh 21,425/month — saving Ksh 167,238 in interest. See the Citibank N.A. Kenya version →