Ksh 5,000,000 loan at M-Oriental Bank for 10 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 84,287. Total cost: Ksh 10,114,445 (Ksh 5,114,445 interest).
Monthly repayment
Ksh 84,287
At 16.17% · 120 payments
Total repayment
Ksh 10,114,445
2.02× the borrowed amount
Total interest
Ksh 5,114,445
Ksh 272,043 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 218,682 | Ksh 792,763 | Ksh 4,781,318 |
| Year 2 | Ksh 475,466 | Ksh 1,547,423 | Ksh 4,524,534 |
| Year 3 | Ksh 776,993 | Ksh 2,257,341 | Ksh 4,223,007 |
| Year 4 | Ksh 1,131,057 | Ksh 2,914,721 | Ksh 3,868,943 |
| Year 5 | Ksh 1,546,813 | Ksh 3,510,410 | Ksh 3,453,187 |
| Year 6 | Ksh 2,035,009 | Ksh 4,033,657 | Ksh 2,964,991 |
| Year 7 | Ksh 2,608,269 | Ksh 4,471,842 | Ksh 2,391,731 |
| Year 8 | Ksh 3,281,413 | Ksh 4,810,143 | Ksh 1,718,587 |
| Year 9 | Ksh 4,071,844 | Ksh 5,031,156 | Ksh 928,156 |
| Year 10 | Ksh 5,000,000 | Ksh 5,114,445 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 2,065,307 in interest. See the Citibank N.A. Kenya version →