Ksh 5,000,000 loan at National Bank of Kenya for 15 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 72,982. Total cost: Ksh 13,136,823 (Ksh 8,136,823 interest).
Monthly repayment
Ksh 72,982
At 15.87% · 180 payments
Total repayment
Ksh 13,136,823
2.63× the borrowed amount
Total interest
Ksh 8,136,823
Ksh 268,213 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 88,546 | Ksh 787,243 | Ksh 4,911,454 |
| Year 2 | Ksh 192,212 | Ksh 1,559,365 | Ksh 4,807,788 |
| Year 3 | Ksh 313,581 | Ksh 2,313,784 | Ksh 4,686,419 |
| Year 4 | Ksh 455,676 | Ksh 3,047,477 | Ksh 4,544,324 |
| Year 5 | Ksh 622,036 | Ksh 3,756,905 | Ksh 4,377,964 |
| Year 6 | Ksh 816,806 | Ksh 4,437,924 | Ksh 4,183,194 |
| Year 7 | Ksh 1,044,835 | Ksh 5,085,682 | Ksh 3,955,165 |
| Year 8 | Ksh 1,311,805 | Ksh 5,694,501 | Ksh 3,688,195 |
| Year 9 | Ksh 1,624,364 | Ksh 6,257,730 | Ksh 3,375,636 |
| Year 10 | Ksh 1,990,299 | Ksh 6,767,583 | Ksh 3,009,701 |
| Year 11 | Ksh 2,418,724 | Ksh 7,214,947 | Ksh 2,581,276 |
| Year 12 | Ksh 2,920,309 | Ksh 7,589,149 | Ksh 2,079,691 |
| Year 13 | Ksh 3,507,549 | Ksh 7,877,697 | Ksh 1,492,451 |
| Year 14 | Ksh 4,195,071 | Ksh 8,065,964 | Ksh 804,929 |
| Year 15 | Ksh 5,000,000 | Ksh 8,136,823 | 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 15 years would run about Ksh 54,837/month — saving Ksh 3,266,204 in interest. See the Citibank N.A. Kenya version →