Ksh 2,000,000 loan at NCBA Bank Kenya for 3 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 69,999. Total cost: Ksh 2,519,946 (Ksh 519,946 interest).
Monthly repayment
Ksh 69,999
At 15.68% · 36 payments
Total repayment
Ksh 2,519,946
1.26× the borrowed amount
Total interest
Ksh 519,946
Ksh 8,501 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 565,909 | Ksh 274,074 | Ksh 1,434,091 |
| Year 2 | Ksh 1,227,215 | Ksh 452,749 | Ksh 772,785 |
| Year 3 | Ksh 2,000,000 | Ksh 519,946 | 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 3 years would run about Ksh 64,873/month — saving Ksh 184,520 in interest. See the Citibank N.A. Kenya version →