Ksh 500,000 loan at NCBA Bank Kenya for 15 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 500,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 7,232. Total cost: Ksh 1,301,807 (Ksh 801,806 interest).
Monthly repayment
Ksh 7,232
At 15.68% · 180 payments
Total repayment
Ksh 1,301,807
2.60× the borrowed amount
Total interest
Ksh 801,806
Ksh 14,945 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 9,017 | Ksh 77,770 | Ksh 490,983 |
| Year 2 | Ksh 19,554 | Ksh 154,020 | Ksh 480,446 |
| Year 3 | Ksh 31,867 | Ksh 228,494 | Ksh 468,133 |
| Year 4 | Ksh 46,256 | Ksh 300,893 | Ksh 453,744 |
| Year 5 | Ksh 63,070 | Ksh 370,865 | Ksh 436,930 |
| Year 6 | Ksh 82,719 | Ksh 438,004 | Ksh 417,281 |
| Year 7 | Ksh 105,680 | Ksh 501,829 | Ksh 394,320 |
| Year 8 | Ksh 132,512 | Ksh 561,785 | Ksh 367,488 |
| Year 9 | Ksh 163,867 | Ksh 617,217 | Ksh 336,133 |
| Year 10 | Ksh 200,507 | Ksh 667,363 | Ksh 299,493 |
| Year 11 | Ksh 243,325 | Ksh 711,333 | Ksh 256,675 |
| Year 12 | Ksh 293,360 | Ksh 748,085 | Ksh 206,640 |
| Year 13 | Ksh 351,829 | Ksh 776,402 | Ksh 148,171 |
| Year 14 | Ksh 420,156 | Ksh 794,863 | Ksh 79,844 |
| Year 15 | Ksh 500,000 | Ksh 801,806 | 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 15 years would run about Ksh 5,484/month — saving Ksh 314,744 in interest. See the Citibank N.A. Kenya version →