Ksh 1,000,000 loan at UBA Kenya Bank for 2 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 49,394. Total cost: Ksh 1,185,462 (Ksh 185,461 interest).
Monthly repayment
Ksh 49,394
At 16.90% · 24 payments
Total repayment
Ksh 1,185,462
1.19× the borrowed amount
Total interest
Ksh 185,461
Ksh 16,758 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 458,143 | Ksh 134,588 | Ksh 541,857 |
| Year 2 | Ksh 1,000,000 | Ksh 185,461 | 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 2 years would run about Ksh 46,311/month — saving Ksh 73,991 in interest. See the Citibank N.A. Kenya version →