Ksh 1,000,000 loan at M-Oriental Bank for 2 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 49,044. Total cost: Ksh 1,177,065 (Ksh 177,065 interest).
Monthly repayment
Ksh 49,044
At 16.17% · 24 payments
Total repayment
Ksh 1,177,065
1.18× the borrowed amount
Total interest
Ksh 177,065
Ksh 8,362 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 459,931 | Ksh 128,601 | Ksh 540,069 |
| Year 2 | Ksh 1,000,000 | Ksh 177,065 | 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 1,000,000 loan over 2 years would run about Ksh 46,311/month — saving Ksh 65,595 in interest. See the Citibank N.A. Kenya version →