Ksh 5,000,000 loan at NCBA Bank Kenya for 2 years.
At NCBA Bank Kenya's current lending rate of 15.68%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 244,052. Total cost: Ksh 5,857,242 (Ksh 857,242 interest).
Monthly repayment
Ksh 244,052
At 15.68% · 24 payments
Total repayment
Ksh 5,857,242
1.17× the borrowed amount
Total interest
Ksh 857,242
Ksh 13,727 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 2,305,662 | Ksh 622,959 | Ksh 2,694,338 |
| Year 2 | Ksh 5,000,000 | Ksh 857,242 | 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 2 years would run about Ksh 231,556/month — saving Ksh 299,891 in interest. See the Citibank N.A. Kenya version →