Ksh 500,000 loan at NCBA Bank Kenya for 10 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 8,276. Total cost: Ksh 993,146 (Ksh 493,146 interest).
Monthly repayment
Ksh 8,276
At 15.68% · 120 payments
Total repayment
Ksh 993,146
1.99× the borrowed amount
Total interest
Ksh 493,146
Ksh 8,906 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 22,485 | Ksh 76,830 | Ksh 477,515 |
| Year 2 | Ksh 48,761 | Ksh 149,869 | Ksh 451,239 |
| Year 3 | Ksh 79,466 | Ksh 218,478 | Ksh 420,534 |
| Year 4 | Ksh 115,347 | Ksh 281,912 | Ksh 384,653 |
| Year 5 | Ksh 157,276 | Ksh 339,297 | Ksh 342,724 |
| Year 6 | Ksh 206,274 | Ksh 389,614 | Ksh 293,726 |
| Year 7 | Ksh 263,532 | Ksh 431,671 | Ksh 236,468 |
| Year 8 | Ksh 330,441 | Ksh 464,076 | Ksh 169,559 |
| Year 9 | Ksh 408,630 | Ksh 485,201 | Ksh 91,370 |
| Year 10 | Ksh 500,000 | Ksh 493,146 | 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 500,000 loan over 10 years would run about Ksh 6,708/month — saving Ksh 188,233 in interest. See the Citibank N.A. Kenya version →