Ksh 5,000,000 loan at National Bank of Kenya for 5 years.
At National Bank of Kenya's current lending rate of 15.87%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 121,245. Total cost: Ksh 7,274,711 (Ksh 2,274,711 interest).
Monthly repayment
Ksh 121,245
At 15.87% · 60 payments
Total repayment
Ksh 7,274,711
1.45× the borrowed amount
Total interest
Ksh 2,274,711
Ksh 68,257 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 711,739 | Ksh 743,203 | Ksh 4,288,261 |
| Year 2 | Ksh 1,545,021 | Ksh 1,364,864 | Ksh 3,454,979 |
| Year 3 | Ksh 2,520,600 | Ksh 1,844,227 | Ksh 2,479,400 |
| Year 4 | Ksh 3,662,776 | Ksh 2,156,993 | Ksh 1,337,224 |
| Year 5 | Ksh 5,000,000 | Ksh 2,274,711 | 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 5 years would run about Ksh 107,123/month — saving Ksh 847,328 in interest. See the Citibank N.A. Kenya version →