Ksh 5,000,000 loan at National Bank of Kenya for 1 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 5,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 453,347. Total cost: Ksh 5,440,161 (Ksh 440,161 interest).
Monthly repayment
Ksh 453,347
At 15.87% · 12 payments
Total repayment
Ksh 5,440,161
1.09× the borrowed amount
Total interest
Ksh 440,161
Ksh 12,197 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 5,000,000 | Ksh 440,161 | 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 5,000,000 loan over 1 years would run about Ksh 440,417/month — saving Ksh 155,157 in interest. See the Citibank N.A. Kenya version →