Ksh 1,000,000 loan at National Bank of Kenya for 25 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 13,487. Total cost: Ksh 4,046,070 (Ksh 3,046,071 interest).
Monthly repayment
Ksh 13,487
At 15.87% · 300 payments
Total repayment
Ksh 4,046,070
4.05× the borrowed amount
Total interest
Ksh 3,046,071
Ksh 100,882 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 3,382 | Ksh 158,461 | Ksh 996,618 |
| Year 2 | Ksh 7,341 | Ksh 316,345 | Ksh 992,659 |
| Year 3 | Ksh 11,977 | Ksh 473,552 | Ksh 988,023 |
| Year 4 | Ksh 17,404 | Ksh 629,968 | Ksh 982,596 |
| Year 5 | Ksh 23,758 | Ksh 785,457 | Ksh 976,242 |
| Year 6 | Ksh 31,196 | Ksh 939,861 | Ksh 968,804 |
| Year 7 | Ksh 39,906 | Ksh 1,092,994 | Ksh 960,094 |
| Year 8 | Ksh 50,102 | Ksh 1,244,641 | Ksh 949,898 |
| Year 9 | Ksh 62,040 | Ksh 1,394,546 | Ksh 937,960 |
| Year 10 | Ksh 76,016 | Ksh 1,542,413 | Ksh 923,984 |
| Year 11 | Ksh 92,379 | Ksh 1,687,892 | Ksh 907,621 |
| Year 12 | Ksh 111,536 | Ksh 1,830,578 | Ksh 888,464 |
| Year 13 | Ksh 133,965 | Ksh 1,969,992 | Ksh 866,035 |
| Year 14 | Ksh 160,223 | Ksh 2,105,577 | Ksh 839,777 |
| Year 15 | Ksh 190,966 | Ksh 2,236,677 | Ksh 809,034 |
| Year 16 | Ksh 226,959 | Ksh 2,362,527 | Ksh 773,041 |
| Year 17 | Ksh 269,098 | Ksh 2,482,230 | Ksh 730,902 |
| Year 18 | Ksh 318,433 | Ksh 2,594,738 | Ksh 681,567 |
| Year 19 | Ksh 376,193 | Ksh 2,698,821 | Ksh 623,807 |
| Year 20 | Ksh 443,817 | Ksh 2,793,040 | Ksh 556,183 |
| Year 21 | Ksh 522,988 | Ksh 2,875,712 | Ksh 477,012 |
| Year 22 | Ksh 615,680 | Ksh 2,944,863 | Ksh 384,320 |
| Year 23 | Ksh 724,200 | Ksh 2,998,186 | Ksh 275,800 |
| Year 24 | Ksh 851,252 | Ksh 3,032,977 | Ksh 148,748 |
| Year 25 | Ksh 1,000,000 | Ksh 3,046,071 | 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 25 years would run about Ksh 9,342/month — saving Ksh 1,243,470 in interest. See the Citibank N.A. Kenya version →