Ksh 5,000,000 loan at Kingdom Bank for 5 years.
At Kingdom Bank's current lending rate of 15.80%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 121,060. Total cost: Ksh 7,263,575 (Ksh 2,263,576 interest).
Monthly repayment
Ksh 121,060
At 15.80% · 60 payments
Total repayment
Ksh 7,263,575
1.45× the borrowed amount
Total interest
Ksh 2,263,576
Ksh 57,121 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 712,877 | Ksh 739,838 | Ksh 4,287,123 |
| Year 2 | Ksh 1,546,913 | Ksh 1,358,517 | Ksh 3,453,087 |
| Year 3 | Ksh 2,522,702 | Ksh 1,835,443 | Ksh 2,477,298 |
| Year 4 | Ksh 3,664,336 | Ksh 2,146,525 | Ksh 1,335,664 |
| Year 5 | Ksh 5,000,000 | Ksh 2,263,576 | 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 5 years would run about Ksh 107,123/month — saving Ksh 836,192 in interest. See the Citibank N.A. Kenya version →