Ksh 1,000,000 loan at NCBA Bank Kenya for 25 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 13,338. Total cost: Ksh 4,001,433 (Ksh 3,001,434 interest).
Monthly repayment
Ksh 13,338
At 15.68% · 300 payments
Total repayment
Ksh 4,001,433
4.00× the borrowed amount
Total interest
Ksh 3,001,434
Ksh 56,245 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 3,502 | Ksh 156,555 | Ksh 996,498 |
| Year 2 | Ksh 7,594 | Ksh 312,520 | Ksh 992,406 |
| Year 3 | Ksh 12,376 | Ksh 467,796 | Ksh 987,624 |
| Year 4 | Ksh 17,965 | Ksh 622,265 | Ksh 982,035 |
| Year 5 | Ksh 24,495 | Ksh 775,792 | Ksh 975,505 |
| Year 6 | Ksh 32,126 | Ksh 928,218 | Ksh 967,874 |
| Year 7 | Ksh 41,044 | Ksh 1,079,358 | Ksh 958,956 |
| Year 8 | Ksh 51,465 | Ksh 1,228,994 | Ksh 948,535 |
| Year 9 | Ksh 63,643 | Ksh 1,376,874 | Ksh 936,357 |
| Year 10 | Ksh 77,873 | Ksh 1,522,701 | Ksh 922,127 |
| Year 11 | Ksh 94,503 | Ksh 1,666,129 | Ksh 905,497 |
| Year 12 | Ksh 113,935 | Ksh 1,806,753 | Ksh 886,065 |
| Year 13 | Ksh 136,644 | Ksh 1,944,102 | Ksh 863,356 |
| Year 14 | Ksh 163,180 | Ksh 2,077,623 | Ksh 836,820 |
| Year 15 | Ksh 194,190 | Ksh 2,206,670 | Ksh 805,810 |
| Year 16 | Ksh 230,428 | Ksh 2,330,490 | Ksh 769,572 |
| Year 17 | Ksh 272,774 | Ksh 2,448,201 | Ksh 727,226 |
| Year 18 | Ksh 322,259 | Ksh 2,558,774 | Ksh 677,741 |
| Year 19 | Ksh 380,085 | Ksh 2,661,005 | Ksh 619,915 |
| Year 20 | Ksh 447,660 | Ksh 2,753,488 | Ksh 552,340 |
| Year 21 | Ksh 526,625 | Ksh 2,834,579 | Ksh 473,375 |
| Year 22 | Ksh 618,903 | Ksh 2,902,359 | Ksh 381,097 |
| Year 23 | Ksh 726,736 | Ksh 2,954,584 | Ksh 273,264 |
| Year 24 | Ksh 852,747 | Ksh 2,988,630 | Ksh 147,253 |
| Year 25 | Ksh 1,000,000 | Ksh 3,001,434 | 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 25 years would run about Ksh 9,342/month — saving Ksh 1,198,833 in interest. See the Citibank N.A. Kenya version →