Ksh 10,000,000 loan at NCBA Bank Kenya for 15 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 144,645. Total cost: Ksh 26,036,122 (Ksh 16,036,122 interest).
Monthly repayment
Ksh 144,645
At 15.68% · 180 payments
Total repayment
Ksh 26,036,122
2.60× the borrowed amount
Total interest
Ksh 16,036,122
Ksh 298,902 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 180,337 | Ksh 1,555,404 | Ksh 9,819,663 |
| Year 2 | Ksh 391,075 | Ksh 3,080,408 | Ksh 9,608,925 |
| Year 3 | Ksh 637,337 | Ksh 4,569,887 | Ksh 9,362,663 |
| Year 4 | Ksh 925,113 | Ksh 6,017,853 | Ksh 9,074,887 |
| Year 5 | Ksh 1,261,401 | Ksh 7,417,307 | Ksh 8,738,599 |
| Year 6 | Ksh 1,654,378 | Ksh 8,760,071 | Ksh 8,345,622 |
| Year 7 | Ksh 2,113,600 | Ksh 10,036,590 | Ksh 7,886,400 |
| Year 8 | Ksh 2,650,236 | Ksh 11,235,695 | Ksh 7,349,764 |
| Year 9 | Ksh 3,277,335 | Ksh 12,344,338 | Ksh 6,722,665 |
| Year 10 | Ksh 4,010,147 | Ksh 13,347,268 | Ksh 5,989,853 |
| Year 11 | Ksh 4,866,492 | Ksh 14,226,664 | Ksh 5,133,508 |
| Year 12 | Ksh 5,867,194 | Ksh 14,961,703 | Ksh 4,132,806 |
| Year 13 | Ksh 7,036,589 | Ksh 15,528,050 | Ksh 2,963,411 |
| Year 14 | Ksh 8,403,114 | Ksh 15,897,266 | Ksh 1,596,886 |
| Year 15 | Ksh 10,000,000 | Ksh 16,036,122 | 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 10,000,000 loan over 15 years would run about Ksh 109,674/month — saving Ksh 6,294,882 in interest. See the Citibank N.A. Kenya version →