Ksh 2,000,000 loan at M-Oriental Bank for 5 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 48,817. Total cost: Ksh 2,929,017 (Ksh 929,017 interest).
Monthly repayment
Ksh 48,817
At 16.17% · 60 payments
Total repayment
Ksh 2,929,017
1.46× the borrowed amount
Total interest
Ksh 929,017
Ksh 46,435 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 282,751 | Ksh 303,052 | Ksh 1,717,249 |
| Year 2 | Ksh 614,769 | Ksh 556,838 | Ksh 1,385,231 |
| Year 3 | Ksh 1,004,637 | Ksh 752,773 | Ksh 995,363 |
| Year 4 | Ksh 1,462,435 | Ksh 880,778 | Ksh 537,565 |
| Year 5 | Ksh 2,000,000 | Ksh 929,017 | 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 5 years would run about Ksh 42,849/month — saving Ksh 358,064 in interest. See the Citibank N.A. Kenya version →