Ksh 5,000,000 loan at M-Oriental Bank for 15 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 74,029. Total cost: Ksh 13,325,135 (Ksh 8,325,135 interest).
Monthly repayment
Ksh 74,029
At 16.17% · 180 payments
Total repayment
Ksh 13,325,135
2.67× the borrowed amount
Total interest
Ksh 8,325,135
Ksh 456,525 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 86,034 | Ksh 802,309 | Ksh 4,913,966 |
| Year 2 | Ksh 187,058 | Ksh 1,589,627 | Ksh 4,812,942 |
| Year 3 | Ksh 305,684 | Ksh 2,359,343 | Ksh 4,694,316 |
| Year 4 | Ksh 444,980 | Ksh 3,108,389 | Ksh 4,555,020 |
| Year 5 | Ksh 608,546 | Ksh 3,833,165 | Ksh 4,391,454 |
| Year 6 | Ksh 800,612 | Ksh 4,529,441 | Ksh 4,199,388 |
| Year 7 | Ksh 1,026,144 | Ksh 5,192,252 | Ksh 3,973,856 |
| Year 8 | Ksh 1,290,972 | Ksh 5,815,767 | Ksh 3,709,028 |
| Year 9 | Ksh 1,601,943 | Ksh 6,393,138 | Ksh 3,398,057 |
| Year 10 | Ksh 1,967,098 | Ksh 6,916,326 | Ksh 3,032,902 |
| Year 11 | Ksh 2,395,876 | Ksh 7,375,889 | Ksh 2,604,124 |
| Year 12 | Ksh 2,899,365 | Ksh 7,760,743 | Ksh 2,100,635 |
| Year 13 | Ksh 3,490,581 | Ksh 8,057,869 | Ksh 1,509,419 |
| Year 14 | Ksh 4,184,810 | Ksh 8,251,983 | Ksh 815,190 |
| Year 15 | Ksh 5,000,000 | Ksh 8,325,135 | 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 15 years would run about Ksh 54,837/month — saving Ksh 3,454,515 in interest. See the Citibank N.A. Kenya version →