Ksh 1,000,000 loan at NCBA Bank Kenya for 15 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 14,465. Total cost: Ksh 2,603,612 (Ksh 1,603,612 interest).
Monthly repayment
Ksh 14,465
At 15.68% · 180 payments
Total repayment
Ksh 2,603,612
2.60× the borrowed amount
Total interest
Ksh 1,603,612
Ksh 29,890 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 18,034 | Ksh 155,540 | Ksh 981,966 |
| Year 2 | Ksh 39,107 | Ksh 308,041 | Ksh 960,893 |
| Year 3 | Ksh 63,734 | Ksh 456,989 | Ksh 936,266 |
| Year 4 | Ksh 92,511 | Ksh 601,785 | Ksh 907,489 |
| Year 5 | Ksh 126,140 | Ksh 741,731 | Ksh 873,860 |
| Year 6 | Ksh 165,438 | Ksh 876,007 | Ksh 834,562 |
| Year 7 | Ksh 211,360 | Ksh 1,003,659 | Ksh 788,640 |
| Year 8 | Ksh 265,024 | Ksh 1,123,570 | Ksh 734,976 |
| Year 9 | Ksh 327,734 | Ksh 1,234,434 | Ksh 672,266 |
| Year 10 | Ksh 401,015 | Ksh 1,334,727 | Ksh 598,985 |
| Year 11 | Ksh 486,649 | Ksh 1,422,666 | Ksh 513,351 |
| Year 12 | Ksh 586,719 | Ksh 1,496,170 | Ksh 413,281 |
| Year 13 | Ksh 703,659 | Ksh 1,552,805 | Ksh 296,341 |
| Year 14 | Ksh 840,311 | Ksh 1,589,727 | Ksh 159,689 |
| Year 15 | Ksh 1,000,000 | Ksh 1,603,612 | 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 1,000,000 loan over 15 years would run about Ksh 10,967/month — saving Ksh 629,488 in interest. See the Citibank N.A. Kenya version →