Ksh 2,000,000 loan at NCBA Bank Kenya for 2 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 2,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 97,621. Total cost: Ksh 2,342,897 (Ksh 342,897 interest).
Monthly repayment
Ksh 97,621
At 15.68% · 24 payments
Total repayment
Ksh 2,342,897
1.17× the borrowed amount
Total interest
Ksh 342,897
Ksh 5,491 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 922,265 | Ksh 249,183 | Ksh 1,077,735 |
| Year 2 | Ksh 2,000,000 | Ksh 342,897 | 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 2,000,000 loan over 2 years would run about Ksh 92,623/month — saving Ksh 119,956 in interest. See the Citibank N.A. Kenya version →