Ksh 5,000,000 loan at M-Oriental Bank for 3 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 176,205. Total cost: Ksh 6,343,384 (Ksh 1,343,384 interest).
Monthly repayment
Ksh 176,205
At 16.17% · 36 payments
Total repayment
Ksh 6,343,384
1.27× the borrowed amount
Total interest
Ksh 1,343,384
Ksh 64,770 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 1,407,231 | Ksh 707,230 | Ksh 3,592,769 |
| Year 2 | Ksh 3,059,657 | Ksh 1,169,265 | Ksh 1,940,343 |
| Year 3 | Ksh 5,000,000 | Ksh 1,343,384 | 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 3 years would run about Ksh 162,182/month — saving Ksh 504,819 in interest. See the Citibank N.A. Kenya version →