Ksh 1,000,000 loan at UBA Kenya Bank for 3 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 1,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 35,603. Total cost: Ksh 1,281,707 (Ksh 281,707 interest).
Monthly repayment
Ksh 35,603
At 16.90% · 36 payments
Total repayment
Ksh 1,281,707
1.28× the borrowed amount
Total interest
Ksh 281,707
Ksh 25,985 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 279,208 | Ksh 148,028 | Ksh 720,792 |
| Year 2 | Ksh 609,434 | Ksh 245,038 | Ksh 390,566 |
| Year 3 | Ksh 1,000,000 | Ksh 281,707 | 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 3 years would run about Ksh 32,436/month — saving Ksh 113,994 in interest. See the Citibank N.A. Kenya version →