Ksh 10,000,000 loan at National Bank of Kenya for 10 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 166,704. Total cost: Ksh 20,004,464 (Ksh 10,004,465 interest).
Monthly repayment
Ksh 166,704
At 15.87% · 120 payments
Total repayment
Ksh 20,004,464
2.00× the borrowed amount
Total interest
Ksh 10,004,465
Ksh 319,661 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 444,886 | Ksh 1,555,561 | Ksh 9,555,114 |
| Year 2 | Ksh 965,743 | Ksh 3,035,150 | Ksh 9,034,257 |
| Year 3 | Ksh 1,575,547 | Ksh 4,425,793 | Ksh 8,424,453 |
| Year 4 | Ksh 2,289,485 | Ksh 5,712,301 | Ksh 7,710,515 |
| Year 5 | Ksh 3,125,341 | Ksh 6,876,892 | Ksh 6,874,659 |
| Year 6 | Ksh 4,103,934 | Ksh 7,898,745 | Ksh 5,896,066 |
| Year 7 | Ksh 5,249,639 | Ksh 8,753,486 | Ksh 4,750,361 |
| Year 8 | Ksh 6,590,994 | Ksh 9,412,578 | Ksh 3,409,006 |
| Year 9 | Ksh 8,161,409 | Ksh 9,842,610 | Ksh 1,838,591 |
| Year 10 | Ksh 10,000,000 | Ksh 10,004,465 | 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 10,000,000 loan over 10 years would run about Ksh 134,152/month — saving Ksh 3,906,190 in interest. See the Citibank N.A. Kenya version →