Ksh 1,000,000 loan at NCBA Bank Kenya for 5 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 24,148. Total cost: Ksh 1,448,902 (Ksh 448,902 interest).
Monthly repayment
Ksh 24,148
At 15.68% · 60 payments
Total repayment
Ksh 1,448,902
1.45× the borrowed amount
Total interest
Ksh 448,902
Ksh 7,611 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 142,966 | Ksh 146,814 | Ksh 857,034 |
| Year 2 | Ksh 310,032 | Ksh 269,528 | Ksh 689,968 |
| Year 3 | Ksh 505,262 | Ksh 364,079 | Ksh 494,738 |
| Year 4 | Ksh 733,402 | Ksh 425,720 | Ksh 266,599 |
| Year 5 | Ksh 1,000,000 | Ksh 448,902 | 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 5 years would run about Ksh 21,425/month — saving Ksh 163,425 in interest. See the Citibank N.A. Kenya version →