Ksh 10,000,000 loan at NCBA Bank Kenya for 3 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 10,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 349,993. Total cost: Ksh 12,599,731 (Ksh 2,599,731 interest).
Monthly repayment
Ksh 349,993
At 15.68% · 36 payments
Total repayment
Ksh 12,599,731
1.26× the borrowed amount
Total interest
Ksh 2,599,731
Ksh 42,504 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 2,829,543 | Ksh 1,370,368 | Ksh 7,170,457 |
| Year 2 | Ksh 6,136,073 | Ksh 2,263,747 | Ksh 3,863,927 |
| Year 3 | Ksh 10,000,000 | Ksh 2,599,731 | 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 3 years would run about Ksh 324,365/month — saving Ksh 922,602 in interest. See the Citibank N.A. Kenya version →