Ksh 500,000 loan at National Bank of Kenya for 1 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 500,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 45,335. Total cost: Ksh 544,016 (Ksh 44,016 interest).
Monthly repayment
Ksh 45,335
At 15.87% · 12 payments
Total repayment
Ksh 544,016
1.09× the borrowed amount
Total interest
Ksh 44,016
Ksh 1,220 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 500,000 | Ksh 44,016 | 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 500,000 loan over 1 years would run about Ksh 44,042/month — saving Ksh 15,516 in interest. See the Citibank N.A. Kenya version →