Ksh 1,000,000 loan at UBA Kenya Bank for 1 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 1,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 91,157. Total cost: Ksh 1,093,888 (Ksh 93,888 interest).
Monthly repayment
Ksh 91,157
At 16.90% · 12 payments
Total repayment
Ksh 1,093,888
1.09× the borrowed amount
Total interest
Ksh 93,888
Ksh 8,295 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 1,000,000 | Ksh 93,888 | 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 1 years would run about Ksh 88,083/month — saving Ksh 36,887 in interest. See the Citibank N.A. Kenya version →