Ksh 1,000,000 loan at Premier Bank Kenya for 25 years.
At Premier Bank Kenya's current lending rate of 15.12%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 12,901. Total cost: Ksh 3,870,444 (Ksh 2,870,445 interest).
Monthly repayment
Ksh 12,901
At 15.12% · 300 payments
Total repayment
Ksh 3,870,444
3.87× the borrowed amount
Total interest
Ksh 2,870,445
Ksh 74,744 less 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 3,879 | Ksh 150,938 | Ksh 996,121 |
| Year 2 | Ksh 8,388 | Ksh 301,248 | Ksh 991,612 |
| Year 3 | Ksh 13,627 | Ksh 450,827 | Ksh 986,373 |
| Year 4 | Ksh 19,716 | Ksh 599,556 | Ksh 980,284 |
| Year 5 | Ksh 26,791 | Ksh 747,298 | Ksh 973,209 |
| Year 6 | Ksh 35,014 | Ksh 893,892 | Ksh 964,986 |
| Year 7 | Ksh 44,571 | Ksh 1,039,154 | Ksh 955,429 |
| Year 8 | Ksh 55,676 | Ksh 1,182,866 | Ksh 944,324 |
| Year 9 | Ksh 68,583 | Ksh 1,324,778 | Ksh 931,417 |
| Year 10 | Ksh 83,581 | Ksh 1,464,597 | Ksh 916,419 |
| Year 11 | Ksh 101,012 | Ksh 1,601,984 | Ksh 898,988 |
| Year 12 | Ksh 121,268 | Ksh 1,736,545 | Ksh 878,732 |
| Year 13 | Ksh 144,809 | Ksh 1,867,822 | Ksh 855,191 |
| Year 14 | Ksh 172,166 | Ksh 1,995,283 | Ksh 827,834 |
| Year 15 | Ksh 203,959 | Ksh 2,118,308 | Ksh 796,041 |
| Year 16 | Ksh 240,907 | Ksh 2,236,178 | Ksh 759,093 |
| Year 17 | Ksh 283,844 | Ksh 2,348,058 | Ksh 716,156 |
| Year 18 | Ksh 333,744 | Ksh 2,452,977 | Ksh 666,256 |
| Year 19 | Ksh 391,733 | Ksh 2,549,805 | Ksh 608,267 |
| Year 20 | Ksh 459,125 | Ksh 2,637,231 | Ksh 540,875 |
| Year 21 | Ksh 537,442 | Ksh 2,713,731 | Ksh 462,558 |
| Year 22 | Ksh 628,458 | Ksh 2,777,534 | Ksh 371,542 |
| Year 23 | Ksh 734,229 | Ksh 2,826,580 | Ksh 265,771 |
| Year 24 | Ksh 857,150 | Ksh 2,858,477 | Ksh 142,850 |
| Year 25 | Ksh 1,000,000 | Ksh 2,870,445 | 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 1,000,000 loan over 25 years would run about Ksh 9,342/month — saving Ksh 1,067,843 in interest. See the Citibank N.A. Kenya version →