Ksh 2,000,000 loan at National Bank of Kenya for 3 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 70,186. Total cost: Ksh 2,526,688 (Ksh 526,688 interest).
Monthly repayment
Ksh 70,186
At 15.87% · 36 payments
Total repayment
Ksh 2,526,688
1.26× the borrowed amount
Total interest
Ksh 526,688
Ksh 15,242 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 564,738 | Ksh 277,491 | Ksh 1,435,262 |
| Year 2 | Ksh 1,225,915 | Ksh 458,543 | Ksh 774,085 |
| Year 3 | Ksh 2,000,000 | Ksh 526,688 | 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 3 years would run about Ksh 64,873/month — saving Ksh 191,262 in interest. See the Citibank N.A. Kenya version →