Ksh 500,000 loan at M-Oriental Bank for 3 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 17,621. Total cost: Ksh 634,338 (Ksh 134,338 interest).
Monthly repayment
Ksh 17,621
At 16.17% · 36 payments
Total repayment
Ksh 634,338
1.27× the borrowed amount
Total interest
Ksh 134,338
Ksh 6,477 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 140,723 | Ksh 70,723 | Ksh 359,277 |
| Year 2 | Ksh 305,966 | Ksh 116,927 | Ksh 194,034 |
| Year 3 | Ksh 500,000 | Ksh 134,338 | 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 3 years would run about Ksh 16,218/month — saving Ksh 50,482 in interest. See the Citibank N.A. Kenya version →