Ksh 10,000,000 loan at M-Oriental Bank for 1 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 908,113. Total cost: Ksh 10,897,359 (Ksh 897,359 interest).
Monthly repayment
Ksh 908,113
At 16.17% · 12 payments
Total repayment
Ksh 10,897,359
1.09× the borrowed amount
Total interest
Ksh 897,359
Ksh 41,431 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 10,000,000 | Ksh 897,359 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 327,350 in interest. See the Citibank N.A. Kenya version →