Ksh 500,000 loan at M-Oriental Bank for 2 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 500,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 24,522. Total cost: Ksh 588,533 (Ksh 88,533 interest).
Monthly repayment
Ksh 24,522
At 16.17% · 24 payments
Total repayment
Ksh 588,533
1.18× the borrowed amount
Total interest
Ksh 88,533
Ksh 4,181 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 229,966 | Ksh 64,301 | Ksh 270,034 |
| Year 2 | Ksh 500,000 | Ksh 88,533 | 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 500,000 loan over 2 years would run about Ksh 23,156/month — saving Ksh 32,797 in interest. See the Citibank N.A. Kenya version →