Ksh 5,000,000 loan at Premier Bank Kenya for 1 years.
At Premier Bank Kenya's current lending rate of 15.12%, a Ksh 5,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 451,575. Total cost: Ksh 5,418,897 (Ksh 418,897 interest).
Monthly repayment
Ksh 451,575
At 15.12% · 12 payments
Total repayment
Ksh 5,418,897
1.08× the borrowed amount
Total interest
Ksh 418,897
Ksh 9,067 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 5,000,000 | Ksh 418,897 | 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 133,892 in interest. See the Citibank N.A. Kenya version →