Ksh 1,000,000 loan at National Bank of Kenya for 20 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 1,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 13,815. Total cost: Ksh 3,315,629 (Ksh 2,315,628 interest).
Monthly repayment
Ksh 13,815
At 15.87% · 240 payments
Total repayment
Ksh 3,315,629
3.32× the borrowed amount
Total interest
Ksh 2,315,628
Ksh 77,034 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 7,620 | Ksh 158,162 | Ksh 992,380 |
| Year 2 | Ksh 16,541 | Ksh 315,022 | Ksh 983,459 |
| Year 3 | Ksh 26,986 | Ksh 470,359 | Ksh 973,014 |
| Year 4 | Ksh 39,214 | Ksh 623,912 | Ksh 960,786 |
| Year 5 | Ksh 53,530 | Ksh 775,377 | Ksh 946,470 |
| Year 6 | Ksh 70,291 | Ksh 924,397 | Ksh 929,709 |
| Year 7 | Ksh 89,915 | Ksh 1,070,555 | Ksh 910,085 |
| Year 8 | Ksh 112,889 | Ksh 1,213,362 | Ksh 887,111 |
| Year 9 | Ksh 139,787 | Ksh 1,352,246 | Ksh 860,213 |
| Year 10 | Ksh 171,278 | Ksh 1,486,536 | Ksh 828,722 |
| Year 11 | Ksh 208,147 | Ksh 1,615,449 | Ksh 791,853 |
| Year 12 | Ksh 251,311 | Ksh 1,738,066 | Ksh 748,689 |
| Year 13 | Ksh 301,847 | Ksh 1,853,312 | Ksh 698,153 |
| Year 14 | Ksh 361,013 | Ksh 1,959,927 | Ksh 638,987 |
| Year 15 | Ksh 430,282 | Ksh 2,056,440 | Ksh 569,718 |
| Year 16 | Ksh 511,380 | Ksh 2,141,123 | Ksh 488,620 |
| Year 17 | Ksh 606,327 | Ksh 2,211,957 | Ksh 393,673 |
| Year 18 | Ksh 717,488 | Ksh 2,266,578 | Ksh 282,512 |
| Year 19 | Ksh 847,632 | Ksh 2,302,215 | Ksh 152,368 |
| Year 20 | Ksh 1,000,000 | Ksh 2,315,628 | 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 20 years would run about Ksh 9,890/month — saving Ksh 942,044 in interest. See the Citibank N.A. Kenya version →