Ksh 2,000,000 loan at National Bank of Kenya for 15 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 2,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 29,193. Total cost: Ksh 5,254,729 (Ksh 3,254,729 interest).
Monthly repayment
Ksh 29,193
At 15.87% · 180 payments
Total repayment
Ksh 5,254,729
2.63× the borrowed amount
Total interest
Ksh 3,254,729
Ksh 107,285 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 35,418 | Ksh 314,897 | Ksh 1,964,582 |
| Year 2 | Ksh 76,885 | Ksh 623,746 | Ksh 1,923,115 |
| Year 3 | Ksh 125,432 | Ksh 925,514 | Ksh 1,874,568 |
| Year 4 | Ksh 182,270 | Ksh 1,218,991 | Ksh 1,817,730 |
| Year 5 | Ksh 248,815 | Ksh 1,502,762 | Ksh 1,751,185 |
| Year 6 | Ksh 326,722 | Ksh 1,775,170 | Ksh 1,673,278 |
| Year 7 | Ksh 417,934 | Ksh 2,034,273 | Ksh 1,582,066 |
| Year 8 | Ksh 524,722 | Ksh 2,277,800 | Ksh 1,475,278 |
| Year 9 | Ksh 649,746 | Ksh 2,503,092 | Ksh 1,350,254 |
| Year 10 | Ksh 796,120 | Ksh 2,707,033 | Ksh 1,203,880 |
| Year 11 | Ksh 967,489 | Ksh 2,885,979 | Ksh 1,032,511 |
| Year 12 | Ksh 1,168,124 | Ksh 3,035,660 | Ksh 831,876 |
| Year 13 | Ksh 1,403,020 | Ksh 3,151,079 | Ksh 596,980 |
| Year 14 | Ksh 1,678,029 | Ksh 3,226,385 | Ksh 321,971 |
| Year 15 | Ksh 2,000,000 | Ksh 3,254,729 | 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 2,000,000 loan over 15 years would run about Ksh 21,935/month — saving Ksh 1,306,481 in interest. See the Citibank N.A. Kenya version →