Ksh 1,000,000 loan at National Bank of Kenya for 3 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 1,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 35,093. Total cost: Ksh 1,263,344 (Ksh 263,344 interest).
Monthly repayment
Ksh 35,093
At 15.87% · 36 payments
Total repayment
Ksh 1,263,344
1.26× the borrowed amount
Total interest
Ksh 263,344
Ksh 7,621 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 282,369 | Ksh 138,746 | Ksh 717,631 |
| Year 2 | Ksh 612,958 | Ksh 229,272 | Ksh 387,042 |
| Year 3 | Ksh 1,000,000 | Ksh 263,344 | 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 3 years would run about Ksh 32,436/month — saving Ksh 95,631 in interest. See the Citibank N.A. Kenya version →