Ksh 500,000 loan at NCBA Bank Kenya for 3 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 17,500. Total cost: Ksh 629,987 (Ksh 129,987 interest).
Monthly repayment
Ksh 17,500
At 15.68% · 36 payments
Total repayment
Ksh 629,987
1.26× the borrowed amount
Total interest
Ksh 129,987
Ksh 2,125 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 141,477 | Ksh 68,518 | Ksh 358,523 |
| Year 2 | Ksh 306,804 | Ksh 113,187 | Ksh 193,196 |
| Year 3 | Ksh 500,000 | Ksh 129,987 | 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 3 years would run about Ksh 16,218/month — saving Ksh 46,130 in interest. See the Citibank N.A. Kenya version →