Ksh 500,000 loan at M-Oriental Bank for 5 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 12,204. Total cost: Ksh 732,254 (Ksh 232,254 interest).
Monthly repayment
Ksh 12,204
At 16.17% · 60 payments
Total repayment
Ksh 732,254
1.46× the borrowed amount
Total interest
Ksh 232,254
Ksh 11,609 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 70,688 | Ksh 75,763 | Ksh 429,312 |
| Year 2 | Ksh 153,692 | Ksh 139,209 | Ksh 346,308 |
| Year 3 | Ksh 251,159 | Ksh 188,193 | Ksh 248,841 |
| Year 4 | Ksh 365,609 | Ksh 220,195 | Ksh 134,391 |
| Year 5 | Ksh 500,000 | Ksh 232,254 | 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 5 years would run about Ksh 10,712/month — saving Ksh 89,516 in interest. See the Citibank N.A. Kenya version →