Ksh 2,000,000 loan at NCBA Bank Kenya for 5 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 48,297. Total cost: Ksh 2,897,803 (Ksh 897,803 interest).
Monthly repayment
Ksh 48,297
At 15.68% · 60 payments
Total repayment
Ksh 2,897,803
1.45× the borrowed amount
Total interest
Ksh 897,803
Ksh 15,221 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 285,932 | Ksh 293,629 | Ksh 1,714,068 |
| Year 2 | Ksh 620,064 | Ksh 539,057 | Ksh 1,379,936 |
| Year 3 | Ksh 1,010,523 | Ksh 728,159 | Ksh 989,477 |
| Year 4 | Ksh 1,466,803 | Ksh 851,439 | Ksh 533,197 |
| Year 5 | Ksh 2,000,000 | Ksh 897,803 | 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 5 years would run about Ksh 42,849/month — saving Ksh 326,850 in interest. See the Citibank N.A. Kenya version →