Ksh 1,000,000 loan at National Bank of Kenya for 5 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 24,249. Total cost: Ksh 1,454,942 (Ksh 454,942 interest).
Monthly repayment
Ksh 24,249
At 15.87% · 60 payments
Total repayment
Ksh 1,454,942
1.45× the borrowed amount
Total interest
Ksh 454,942
Ksh 13,651 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 142,348 | Ksh 148,641 | Ksh 857,652 |
| Year 2 | Ksh 309,004 | Ksh 272,973 | Ksh 690,996 |
| Year 3 | Ksh 504,120 | Ksh 368,845 | Ksh 495,880 |
| Year 4 | Ksh 732,555 | Ksh 431,399 | Ksh 267,445 |
| Year 5 | Ksh 1,000,000 | Ksh 454,942 | 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 5 years would run about Ksh 21,425/month — saving Ksh 169,466 in interest. See the Citibank N.A. Kenya version →