Ksh 2,000,000 loan at M-Oriental Bank for 3 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 70,482. Total cost: Ksh 2,537,353 (Ksh 537,353 interest).
Monthly repayment
Ksh 70,482
At 16.17% · 36 payments
Total repayment
Ksh 2,537,353
1.27× the borrowed amount
Total interest
Ksh 537,353
Ksh 25,908 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 562,893 | Ksh 282,892 | Ksh 1,437,107 |
| Year 2 | Ksh 1,223,863 | Ksh 467,706 | Ksh 776,137 |
| Year 3 | Ksh 2,000,000 | Ksh 537,353 | 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 3 years would run about Ksh 64,873/month — saving Ksh 201,928 in interest. See the Citibank N.A. Kenya version →