Ksh 5,000,000 loan at M-Oriental Bank for 2 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 245,222. Total cost: Ksh 5,885,325 (Ksh 885,325 interest).
Monthly repayment
Ksh 245,222
At 16.17% · 24 payments
Total repayment
Ksh 5,885,325
1.18× the borrowed amount
Total interest
Ksh 885,325
Ksh 41,810 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 2,299,655 | Ksh 643,007 | Ksh 2,700,345 |
| Year 2 | Ksh 5,000,000 | Ksh 885,325 | 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 2 years would run about Ksh 231,556/month — saving Ksh 327,974 in interest. See the Citibank N.A. Kenya version →