Ksh 5,000,000 loan at Middle East Bank for 25 years.
At Middle East Bank's current lending rate of 19.87%, a Ksh 5,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 83,396. Total cost: Ksh 25,018,875 (Ksh 20,018,875 interest).
Monthly repayment
Ksh 83,396
At 19.87% · 300 payments
Total repayment
Ksh 25,018,875
5.00× the borrowed amount
Total interest
Ksh 20,018,875
Ksh 5,292,929 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 7,954 | Ksh 992,801 | Ksh 4,992,046 |
| Year 2 | Ksh 17,640 | Ksh 1,983,870 | Ksh 4,982,360 |
| Year 3 | Ksh 29,436 | Ksh 2,972,829 | Ksh 4,970,564 |
| Year 4 | Ksh 43,801 | Ksh 3,959,219 | Ksh 4,956,199 |
| Year 5 | Ksh 61,296 | Ksh 4,942,479 | Ksh 4,938,704 |
| Year 6 | Ksh 82,602 | Ksh 5,921,928 | Ksh 4,917,398 |
| Year 7 | Ksh 108,549 | Ksh 6,896,736 | Ksh 4,891,451 |
| Year 8 | Ksh 140,148 | Ksh 7,865,891 | Ksh 4,859,852 |
| Year 9 | Ksh 178,631 | Ksh 8,828,164 | Ksh 4,821,369 |
| Year 10 | Ksh 225,496 | Ksh 9,782,054 | Ksh 4,774,504 |
| Year 11 | Ksh 282,570 | Ksh 10,725,735 | Ksh 4,717,430 |
| Year 12 | Ksh 352,077 | Ksh 11,656,983 | Ksh 4,647,923 |
| Year 13 | Ksh 436,724 | Ksh 12,573,091 | Ksh 4,563,276 |
| Year 14 | Ksh 539,810 | Ksh 13,470,759 | Ksh 4,460,190 |
| Year 15 | Ksh 665,352 | Ksh 14,345,972 | Ksh 4,334,648 |
| Year 16 | Ksh 818,241 | Ksh 15,193,838 | Ksh 4,181,759 |
| Year 17 | Ksh 1,004,435 | Ksh 16,008,400 | Ksh 3,995,565 |
| Year 18 | Ksh 1,231,187 | Ksh 16,782,403 | Ksh 3,768,813 |
| Year 19 | Ksh 1,507,334 | Ksh 17,507,011 | Ksh 3,492,666 |
| Year 20 | Ksh 1,843,634 | Ksh 18,171,466 | Ksh 3,156,366 |
| Year 21 | Ksh 2,253,191 | Ksh 18,762,663 | Ksh 2,746,809 |
| Year 22 | Ksh 2,751,964 | Ksh 19,264,646 | Ksh 2,248,036 |
| Year 23 | Ksh 3,359,385 | Ksh 19,657,979 | Ksh 1,640,615 |
| Year 24 | Ksh 4,099,123 | Ksh 19,918,996 | Ksh 900,877 |
| Year 25 | Ksh 5,000,000 | Ksh 20,018,875 | 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 25 years would run about Ksh 46,710/month — saving Ksh 11,005,867 in interest. See the Citibank N.A. Kenya version →