Ksh 10,000,000 loan at M-Oriental Bank for 10 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 168,574. Total cost: Ksh 20,228,890 (Ksh 10,228,889 interest).
Monthly repayment
Ksh 168,574
At 16.17% · 120 payments
Total repayment
Ksh 20,228,890
2.02× the borrowed amount
Total interest
Ksh 10,228,889
Ksh 544,085 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 437,363 | Ksh 1,585,526 | Ksh 9,562,637 |
| Year 2 | Ksh 950,933 | Ksh 3,094,845 | Ksh 9,049,067 |
| Year 3 | Ksh 1,553,985 | Ksh 4,514,681 | Ksh 8,446,015 |
| Year 4 | Ksh 2,262,114 | Ksh 5,829,442 | Ksh 7,737,886 |
| Year 5 | Ksh 3,093,625 | Ksh 7,020,819 | Ksh 6,906,375 |
| Year 6 | Ksh 4,070,019 | Ksh 8,067,315 | Ksh 5,929,981 |
| Year 7 | Ksh 5,216,538 | Ksh 8,943,685 | Ksh 4,783,462 |
| Year 8 | Ksh 6,562,826 | Ksh 9,620,286 | Ksh 3,437,174 |
| Year 9 | Ksh 8,143,689 | Ksh 10,062,312 | Ksh 1,856,311 |
| Year 10 | Ksh 10,000,000 | Ksh 10,228,889 | 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 10 years would run about Ksh 134,152/month — saving Ksh 4,130,615 in interest. See the Citibank N.A. Kenya version →