Ksh 1,000,000 loan at National Bank of Kenya for 1 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 1,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 90,669. Total cost: Ksh 1,088,032 (Ksh 88,032 interest).
Monthly repayment
Ksh 90,669
At 15.87% · 12 payments
Total repayment
Ksh 1,088,032
1.09× the borrowed amount
Total interest
Ksh 88,032
Ksh 2,439 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 1,000,000 | Ksh 88,032 | 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 1,000,000 loan over 1 years would run about Ksh 88,083/month — saving Ksh 31,031 in interest. See the Citibank N.A. Kenya version →