Ksh 5,000,000 loan at National Bank of Kenya for 3 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 175,464. Total cost: Ksh 6,316,719 (Ksh 1,316,719 interest).
Monthly repayment
Ksh 175,464
At 15.87% · 36 payments
Total repayment
Ksh 6,316,719
1.26× the borrowed amount
Total interest
Ksh 1,316,719
Ksh 38,106 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 1,411,845 | Ksh 693,728 | Ksh 3,588,155 |
| Year 2 | Ksh 3,064,788 | Ksh 1,146,358 | Ksh 1,935,212 |
| Year 3 | Ksh 5,000,000 | Ksh 1,316,719 | 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 3 years would run about Ksh 162,182/month — saving Ksh 478,155 in interest. See the Citibank N.A. Kenya version →