Ksh 2,000,000 loan at Kingdom Bank for 2 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 2,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 97,735. Total cost: Ksh 2,345,645 (Ksh 345,645 interest).
Monthly repayment
Ksh 97,735
At 15.80% · 24 payments
Total repayment
Ksh 2,345,645
1.17× the borrowed amount
Total interest
Ksh 345,645
Ksh 8,239 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 921,676 | Ksh 251,146 | Ksh 1,078,324 |
| Year 2 | Ksh 2,000,000 | Ksh 345,645 | 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 2,000,000 loan over 2 years would run about Ksh 92,623/month — saving Ksh 122,704 in interest. See the Citibank N.A. Kenya version →