Ksh 10,000,000 loan at Kingdom Bank for 10 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 166,269. Total cost: Ksh 19,952,264 (Ksh 9,952,265 interest).
Monthly repayment
Ksh 166,269
At 15.80% · 120 payments
Total repayment
Ksh 19,952,264
2.00× the borrowed amount
Total interest
Ksh 9,952,265
Ksh 267,461 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 446,655 | Ksh 1,548,571 | Ksh 9,553,345 |
| Year 2 | Ksh 969,224 | Ksh 3,021,229 | Ksh 9,030,776 |
| Year 3 | Ksh 1,580,608 | Ksh 4,405,071 | Ksh 8,419,392 |
| Year 4 | Ksh 2,295,902 | Ksh 5,685,004 | Ksh 7,704,098 |
| Year 5 | Ksh 3,132,768 | Ksh 6,843,365 | Ksh 6,867,232 |
| Year 6 | Ksh 4,111,866 | Ksh 7,859,493 | Ksh 5,888,134 |
| Year 7 | Ksh 5,257,370 | Ksh 8,709,215 | Ksh 4,742,630 |
| Year 8 | Ksh 6,597,564 | Ksh 9,364,247 | Ksh 3,402,436 |
| Year 9 | Ksh 8,165,537 | Ksh 9,791,502 | Ksh 1,834,463 |
| Year 10 | Ksh 10,000,000 | Ksh 9,952,265 | 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 10,000,000 loan over 10 years would run about Ksh 134,152/month — saving Ksh 3,853,990 in interest. See the Citibank N.A. Kenya version →