Ksh 5,000,000 loan at NCBA Bank Kenya for 1 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 5,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 452,897. Total cost: Ksh 5,434,770 (Ksh 434,770 interest).
Monthly repayment
Ksh 452,897
At 15.68% · 12 payments
Total repayment
Ksh 5,434,770
1.09× the borrowed amount
Total interest
Ksh 434,770
Ksh 6,806 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 5,000,000 | Ksh 434,770 | 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 5,000,000 loan over 1 years would run about Ksh 440,417/month — saving Ksh 149,765 in interest. See the Citibank N.A. Kenya version →