Ksh 10,000,000 loan at Middle East Bank for 25 years.
At Middle East Bank's current lending rate of 19.87%, a Ksh 10,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 166,793. Total cost: Ksh 50,037,750 (Ksh 40,037,749 interest).
Monthly repayment
Ksh 166,793
At 19.87% · 300 payments
Total repayment
Ksh 50,037,750
5.00× the borrowed amount
Total interest
Ksh 40,037,749
Ksh 10,585,858 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 15,907 | Ksh 1,985,603 | Ksh 9,984,093 |
| Year 2 | Ksh 35,279 | Ksh 3,967,741 | Ksh 9,964,721 |
| Year 3 | Ksh 58,871 | Ksh 5,945,658 | Ksh 9,941,129 |
| Year 4 | Ksh 87,603 | Ksh 7,918,437 | Ksh 9,912,397 |
| Year 5 | Ksh 122,593 | Ksh 9,884,957 | Ksh 9,877,407 |
| Year 6 | Ksh 165,204 | Ksh 11,843,855 | Ksh 9,834,796 |
| Year 7 | Ksh 217,098 | Ksh 13,793,471 | Ksh 9,782,902 |
| Year 8 | Ksh 280,297 | Ksh 15,731,783 | Ksh 9,719,703 |
| Year 9 | Ksh 357,262 | Ksh 17,656,328 | Ksh 9,642,738 |
| Year 10 | Ksh 450,992 | Ksh 19,564,108 | Ksh 9,549,008 |
| Year 11 | Ksh 565,140 | Ksh 21,451,470 | Ksh 9,434,860 |
| Year 12 | Ksh 704,153 | Ksh 23,313,966 | Ksh 9,295,847 |
| Year 13 | Ksh 873,448 | Ksh 25,146,182 | Ksh 9,126,552 |
| Year 14 | Ksh 1,079,621 | Ksh 26,941,519 | Ksh 8,920,379 |
| Year 15 | Ksh 1,330,705 | Ksh 28,691,945 | Ksh 8,669,295 |
| Year 16 | Ksh 1,636,483 | Ksh 30,387,677 | Ksh 8,363,517 |
| Year 17 | Ksh 2,008,870 | Ksh 32,016,800 | Ksh 7,991,130 |
| Year 18 | Ksh 2,462,374 | Ksh 33,564,805 | Ksh 7,537,626 |
| Year 19 | Ksh 3,014,667 | Ksh 35,014,022 | Ksh 6,985,333 |
| Year 20 | Ksh 3,687,268 | Ksh 36,342,932 | Ksh 6,312,732 |
| Year 21 | Ksh 4,506,383 | Ksh 37,525,327 | Ksh 5,493,617 |
| Year 22 | Ksh 5,503,928 | Ksh 38,529,292 | Ksh 4,496,072 |
| Year 23 | Ksh 6,718,771 | Ksh 39,315,959 | Ksh 3,281,229 |
| Year 24 | Ksh 8,198,246 | Ksh 39,837,993 | Ksh 1,801,754 |
| Year 25 | Ksh 10,000,000 | Ksh 40,037,749 | 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 10,000,000 loan over 25 years would run about Ksh 93,420/month — saving Ksh 22,011,734 in interest. See the Citibank N.A. Kenya version →