Ksh 2,000,000 loan at National Bank of Kenya for 5 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 48,498. Total cost: Ksh 2,909,885 (Ksh 909,885 interest).
Monthly repayment
Ksh 48,498
At 15.87% · 60 payments
Total repayment
Ksh 2,909,885
1.45× the borrowed amount
Total interest
Ksh 909,885
Ksh 27,303 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 284,696 | Ksh 297,281 | Ksh 1,715,304 |
| Year 2 | Ksh 618,008 | Ksh 545,946 | Ksh 1,381,992 |
| Year 3 | Ksh 1,008,240 | Ksh 737,691 | Ksh 991,760 |
| Year 4 | Ksh 1,465,111 | Ksh 862,797 | Ksh 534,889 |
| Year 5 | Ksh 2,000,000 | Ksh 909,885 | 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 5 years would run about Ksh 42,849/month — saving Ksh 338,931 in interest. See the Citibank N.A. Kenya version →