Ksh 5,000,000 loan at Prime Bank for 25 years.
At Prime Bank's current lending rate of 15.79%, a Ksh 5,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 67,121. Total cost: Ksh 20,136,327 (Ksh 15,136,326 interest).
Monthly repayment
Ksh 67,121
At 15.79% · 300 payments
Total repayment
Ksh 20,136,327
4.03× the borrowed amount
Total interest
Ksh 15,136,326
Ksh 410,381 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 17,160 | Ksh 788,293 | Ksh 4,982,840 |
| Year 2 | Ksh 37,234 | Ksh 1,573,672 | Ksh 4,962,766 |
| Year 3 | Ksh 60,718 | Ksh 2,355,641 | Ksh 4,939,282 |
| Year 4 | Ksh 88,190 | Ksh 3,133,622 | Ksh 4,911,810 |
| Year 5 | Ksh 120,328 | Ksh 3,906,937 | Ksh 4,879,672 |
| Year 6 | Ksh 157,925 | Ksh 4,674,793 | Ksh 4,842,075 |
| Year 7 | Ksh 201,907 | Ksh 5,436,264 | Ksh 4,798,093 |
| Year 8 | Ksh 253,360 | Ksh 6,190,265 | Ksh 4,746,640 |
| Year 9 | Ksh 313,551 | Ksh 6,935,526 | Ksh 4,686,449 |
| Year 10 | Ksh 383,966 | Ksh 7,670,565 | Ksh 4,616,034 |
| Year 11 | Ksh 466,340 | Ksh 8,393,644 | Ksh 4,533,660 |
| Year 12 | Ksh 562,704 | Ksh 9,102,732 | Ksh 4,437,296 |
| Year 13 | Ksh 675,436 | Ksh 9,795,454 | Ksh 4,324,564 |
| Year 14 | Ksh 807,314 | Ksh 10,469,029 | Ksh 4,192,686 |
| Year 15 | Ksh 961,591 | Ksh 11,120,205 | Ksh 4,038,409 |
| Year 16 | Ksh 1,142,071 | Ksh 11,745,178 | Ksh 3,857,929 |
| Year 17 | Ksh 1,353,205 | Ksh 12,339,497 | Ksh 3,646,795 |
| Year 18 | Ksh 1,600,198 | Ksh 12,897,957 | Ksh 3,399,802 |
| Year 19 | Ksh 1,889,141 | Ksh 13,414,467 | Ksh 3,110,859 |
| Year 20 | Ksh 2,227,160 | Ksh 13,881,902 | Ksh 2,772,840 |
| Year 21 | Ksh 2,622,589 | Ksh 14,291,926 | Ksh 2,377,412 |
| Year 22 | Ksh 3,085,178 | Ksh 14,634,789 | Ksh 1,914,822 |
| Year 23 | Ksh 3,626,336 | Ksh 14,899,084 | Ksh 1,373,664 |
| Year 24 | Ksh 4,259,407 | Ksh 15,071,467 | Ksh 740,593 |
| Year 25 | Ksh 5,000,000 | Ksh 15,136,326 | 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 25 years would run about Ksh 46,710/month — saving Ksh 6,123,319 in interest. See the Citibank N.A. Kenya version →