Ksh 5,000,000 loan at NCBA Bank Kenya for 10 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 82,762. Total cost: Ksh 9,931,463 (Ksh 4,931,463 interest).
Monthly repayment
Ksh 82,762
At 15.68% · 120 payments
Total repayment
Ksh 9,931,463
1.99× the borrowed amount
Total interest
Ksh 4,931,463
Ksh 89,061 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 224,851 | Ksh 768,295 | Ksh 4,775,149 |
| Year 2 | Ksh 487,607 | Ksh 1,498,686 | Ksh 4,512,393 |
| Year 3 | Ksh 794,656 | Ksh 2,184,783 | Ksh 4,205,344 |
| Year 4 | Ksh 1,153,465 | Ksh 2,819,120 | Ksh 3,846,535 |
| Year 5 | Ksh 1,572,761 | Ksh 3,392,970 | Ksh 3,427,239 |
| Year 6 | Ksh 2,062,740 | Ksh 3,896,138 | Ksh 2,937,260 |
| Year 7 | Ksh 2,635,316 | Ksh 4,316,708 | Ksh 2,364,684 |
| Year 8 | Ksh 3,304,413 | Ksh 4,640,757 | Ksh 1,695,587 |
| Year 9 | Ksh 4,086,303 | Ksh 4,852,013 | Ksh 913,697 |
| Year 10 | Ksh 5,000,000 | Ksh 4,931,463 | 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 10 years would run about Ksh 67,076/month — saving Ksh 1,882,325 in interest. See the Citibank N.A. Kenya version →