Ksh 5,000,000 loan at Kingdom Bank for 2 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 244,338. Total cost: Ksh 5,864,112 (Ksh 864,112 interest).
Monthly repayment
Ksh 244,338
At 15.80% · 24 payments
Total repayment
Ksh 5,864,112
1.17× the borrowed amount
Total interest
Ksh 864,112
Ksh 20,597 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 2,304,191 | Ksh 627,865 | Ksh 2,695,809 |
| Year 2 | Ksh 5,000,000 | Ksh 864,112 | 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 5,000,000 loan over 2 years would run about Ksh 231,556/month — saving Ksh 306,761 in interest. See the Citibank N.A. Kenya version →