Ksh 500,000 loan at National Bank of Kenya for 3 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 17,546. Total cost: Ksh 631,672 (Ksh 131,672 interest).
Monthly repayment
Ksh 17,546
At 15.87% · 36 payments
Total repayment
Ksh 631,672
1.26× the borrowed amount
Total interest
Ksh 131,672
Ksh 3,811 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 141,185 | Ksh 69,373 | Ksh 358,815 |
| Year 2 | Ksh 306,479 | Ksh 114,636 | Ksh 193,521 |
| Year 3 | Ksh 500,000 | Ksh 131,672 | 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 3 years would run about Ksh 16,218/month — saving Ksh 47,816 in interest. See the Citibank N.A. Kenya version →