Ksh 1,000,000 loan at M-Oriental Bank for 5 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 24,408. Total cost: Ksh 1,464,509 (Ksh 464,509 interest).
Monthly repayment
Ksh 24,408
At 16.17% · 60 payments
Total repayment
Ksh 1,464,509
1.46× the borrowed amount
Total interest
Ksh 464,509
Ksh 23,218 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 141,376 | Ksh 151,526 | Ksh 858,624 |
| Year 2 | Ksh 307,385 | Ksh 278,419 | Ksh 692,615 |
| Year 3 | Ksh 502,319 | Ksh 376,387 | Ksh 497,681 |
| Year 4 | Ksh 731,218 | Ksh 440,389 | Ksh 268,782 |
| Year 5 | Ksh 1,000,000 | Ksh 464,509 | 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 5 years would run about Ksh 21,425/month — saving Ksh 179,032 in interest. See the Citibank N.A. Kenya version →