Ksh 10,000,000 loan at National Bank of Kenya for 5 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 242,490. Total cost: Ksh 14,549,423 (Ksh 4,549,423 interest).
Monthly repayment
Ksh 242,490
At 15.87% · 60 payments
Total repayment
Ksh 14,549,423
1.45× the borrowed amount
Total interest
Ksh 4,549,423
Ksh 136,514 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 1,423,479 | Ksh 1,486,406 | Ksh 8,576,521 |
| Year 2 | Ksh 3,090,042 | Ksh 2,729,728 | Ksh 6,909,958 |
| Year 3 | Ksh 5,041,200 | Ksh 3,688,454 | Ksh 4,958,800 |
| Year 4 | Ksh 7,325,553 | Ksh 4,313,985 | Ksh 2,674,447 |
| Year 5 | Ksh 10,000,000 | Ksh 4,549,423 | 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 5 years would run about Ksh 214,246/month — saving Ksh 1,694,655 in interest. See the Citibank N.A. Kenya version →