Ksh 1,000,000 loan at UBA Kenya Bank for 20 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 1,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 14,592. Total cost: Ksh 3,502,082 (Ksh 2,502,082 interest).
Monthly repayment
Ksh 14,592
At 16.90% · 240 payments
Total repayment
Ksh 3,502,082
3.50× the borrowed amount
Total interest
Ksh 2,502,082
Ksh 263,487 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 6,600 | Ksh 168,504 | Ksh 993,400 |
| Year 2 | Ksh 14,406 | Ksh 335,803 | Ksh 985,594 |
| Year 3 | Ksh 23,638 | Ksh 501,675 | Ksh 976,362 |
| Year 4 | Ksh 34,557 | Ksh 665,860 | Ksh 965,443 |
| Year 5 | Ksh 47,471 | Ksh 828,050 | Ksh 952,529 |
| Year 6 | Ksh 62,745 | Ksh 987,880 | Ksh 937,255 |
| Year 7 | Ksh 80,810 | Ksh 1,144,919 | Ksh 919,190 |
| Year 8 | Ksh 102,176 | Ksh 1,298,657 | Ksh 897,824 |
| Year 9 | Ksh 127,445 | Ksh 1,448,492 | Ksh 872,555 |
| Year 10 | Ksh 157,333 | Ksh 1,593,708 | Ksh 842,667 |
| Year 11 | Ksh 192,681 | Ksh 1,733,464 | Ksh 807,319 |
| Year 12 | Ksh 234,488 | Ksh 1,866,761 | Ksh 765,512 |
| Year 13 | Ksh 283,935 | Ksh 1,992,418 | Ksh 716,065 |
| Year 14 | Ksh 342,417 | Ksh 2,109,040 | Ksh 657,583 |
| Year 15 | Ksh 411,585 | Ksh 2,214,976 | Ksh 588,415 |
| Year 16 | Ksh 493,392 | Ksh 2,308,274 | Ksh 506,608 |
| Year 17 | Ksh 590,146 | Ksh 2,386,623 | Ksh 409,854 |
| Year 18 | Ksh 704,581 | Ksh 2,447,293 | Ksh 295,419 |
| Year 19 | Ksh 839,925 | Ksh 2,487,053 | Ksh 160,075 |
| Year 20 | Ksh 1,000,000 | Ksh 2,502,082 | 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 20 years would run about Ksh 9,890/month — saving Ksh 1,128,498 in interest. See the Citibank N.A. Kenya version →