Ksh 5,000,000 loan at National Bank of Kenya for 10 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 83,352. Total cost: Ksh 10,002,233 (Ksh 5,002,232 interest).
Monthly repayment
Ksh 83,352
At 15.87% · 120 payments
Total repayment
Ksh 10,002,233
2.00× the borrowed amount
Total interest
Ksh 5,002,232
Ksh 159,830 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 222,443 | Ksh 777,780 | Ksh 4,777,557 |
| Year 2 | Ksh 482,872 | Ksh 1,517,575 | Ksh 4,517,128 |
| Year 3 | Ksh 787,773 | Ksh 2,212,896 | Ksh 4,212,227 |
| Year 4 | Ksh 1,144,742 | Ksh 2,856,151 | Ksh 3,855,258 |
| Year 5 | Ksh 1,562,670 | Ksh 3,438,446 | Ksh 3,437,330 |
| Year 6 | Ksh 2,051,967 | Ksh 3,949,373 | Ksh 2,948,033 |
| Year 7 | Ksh 2,624,820 | Ksh 4,376,743 | Ksh 2,375,181 |
| Year 8 | Ksh 3,295,497 | Ksh 4,706,289 | Ksh 1,704,503 |
| Year 9 | Ksh 4,080,704 | Ksh 4,921,305 | Ksh 919,296 |
| Year 10 | Ksh 5,000,000 | Ksh 5,002,232 | 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 10 years would run about Ksh 67,076/month — saving Ksh 1,953,095 in interest. See the Citibank N.A. Kenya version →