Ksh 10,000,000 loan at National Bank of Kenya for 15 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 145,965. Total cost: Ksh 26,273,646 (Ksh 16,273,647 interest).
Monthly repayment
Ksh 145,965
At 15.87% · 180 payments
Total repayment
Ksh 26,273,646
2.63× the borrowed amount
Total interest
Ksh 16,273,647
Ksh 536,427 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 177,091 | Ksh 1,574,485 | Ksh 9,822,909 |
| Year 2 | Ksh 384,424 | Ksh 3,118,729 | Ksh 9,615,576 |
| Year 3 | Ksh 627,162 | Ksh 4,627,567 | Ksh 9,372,838 |
| Year 4 | Ksh 911,352 | Ksh 6,094,954 | Ksh 9,088,648 |
| Year 5 | Ksh 1,244,073 | Ksh 7,513,810 | Ksh 8,755,927 |
| Year 6 | Ksh 1,633,611 | Ksh 8,875,847 | Ksh 8,366,389 |
| Year 7 | Ksh 2,089,670 | Ksh 10,171,365 | Ksh 7,910,330 |
| Year 8 | Ksh 2,623,610 | Ksh 11,389,002 | Ksh 7,376,390 |
| Year 9 | Ksh 3,248,729 | Ksh 12,515,459 | Ksh 6,751,271 |
| Year 10 | Ksh 3,980,598 | Ksh 13,535,166 | Ksh 6,019,402 |
| Year 11 | Ksh 4,837,447 | Ksh 14,429,894 | Ksh 5,162,553 |
| Year 12 | Ksh 5,840,618 | Ksh 15,178,299 | Ksh 4,159,382 |
| Year 13 | Ksh 7,015,099 | Ksh 15,755,395 | Ksh 2,984,901 |
| Year 14 | Ksh 8,390,143 | Ksh 16,131,927 | Ksh 1,609,857 |
| Year 15 | Ksh 10,000,000 | Ksh 16,273,647 | 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 15 years would run about Ksh 109,674/month — saving Ksh 6,532,407 in interest. See the Citibank N.A. Kenya version →