Ksh 2,000,000 loan at M-Oriental Bank for 15 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 2,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 29,611. Total cost: Ksh 5,330,054 (Ksh 3,330,054 interest).
Monthly repayment
Ksh 29,611
At 16.17% · 180 payments
Total repayment
Ksh 5,330,054
2.67× the borrowed amount
Total interest
Ksh 3,330,054
Ksh 182,610 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 34,413 | Ksh 320,923 | Ksh 1,965,587 |
| Year 2 | Ksh 74,823 | Ksh 635,851 | Ksh 1,925,177 |
| Year 3 | Ksh 122,274 | Ksh 943,737 | Ksh 1,877,726 |
| Year 4 | Ksh 177,992 | Ksh 1,243,356 | Ksh 1,822,008 |
| Year 5 | Ksh 243,419 | Ksh 1,533,266 | Ksh 1,756,581 |
| Year 6 | Ksh 320,245 | Ksh 1,811,777 | Ksh 1,679,755 |
| Year 7 | Ksh 410,458 | Ksh 2,076,901 | Ksh 1,589,542 |
| Year 8 | Ksh 516,389 | Ksh 2,326,307 | Ksh 1,483,611 |
| Year 9 | Ksh 640,777 | Ksh 2,557,255 | Ksh 1,359,223 |
| Year 10 | Ksh 786,839 | Ksh 2,766,530 | Ksh 1,213,161 |
| Year 11 | Ksh 958,350 | Ksh 2,950,356 | Ksh 1,041,650 |
| Year 12 | Ksh 1,159,746 | Ksh 3,104,297 | Ksh 840,254 |
| Year 13 | Ksh 1,396,232 | Ksh 3,223,148 | Ksh 603,768 |
| Year 14 | Ksh 1,673,924 | Ksh 3,300,793 | Ksh 326,076 |
| Year 15 | Ksh 2,000,000 | Ksh 3,330,054 | 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 2,000,000 loan over 15 years would run about Ksh 21,935/month — saving Ksh 1,381,806 in interest. See the Citibank N.A. Kenya version →