Ksh 5,000,000 loan at Kingdom Bank for 3 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 175,292. Total cost: Ksh 6,310,507 (Ksh 1,310,507 interest).
Monthly repayment
Ksh 175,292
At 15.80% · 36 payments
Total repayment
Ksh 6,310,507
1.26× the borrowed amount
Total interest
Ksh 1,310,507
Ksh 31,894 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 1,412,923 | Ksh 690,580 | Ksh 3,587,077 |
| Year 2 | Ksh 3,065,985 | Ksh 1,141,020 | Ksh 1,934,015 |
| Year 3 | Ksh 5,000,000 | Ksh 1,310,507 | 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 3 years would run about Ksh 162,182/month — saving Ksh 471,943 in interest. See the Citibank N.A. Kenya version →