Ksh 5,000,000 loan at M-Oriental Bank for 5 years.
At M-Oriental Bank's current lending rate of 16.17%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 122,042. Total cost: Ksh 7,322,543 (Ksh 2,322,543 interest).
Monthly repayment
Ksh 122,042
At 16.17% · 60 payments
Total repayment
Ksh 7,322,543
1.46× the borrowed amount
Total interest
Ksh 2,322,543
Ksh 116,088 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 706,878 | Ksh 757,630 | Ksh 4,293,122 |
| Year 2 | Ksh 1,536,923 | Ksh 1,392,095 | Ksh 3,463,077 |
| Year 3 | Ksh 2,511,593 | Ksh 1,881,933 | Ksh 2,488,407 |
| Year 4 | Ksh 3,656,089 | Ksh 2,201,946 | Ksh 1,343,911 |
| Year 5 | Ksh 5,000,000 | Ksh 2,322,543 | 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 5 years would run about Ksh 107,123/month — saving Ksh 895,159 in interest. See the Citibank N.A. Kenya version →