Ksh 1,000,000 loan at UBA Kenya Bank for 5 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 24,799. Total cost: Ksh 1,487,930 (Ksh 487,930 interest).
Monthly repayment
Ksh 24,799
At 16.90% · 60 payments
Total repayment
Ksh 1,487,930
1.49× the borrowed amount
Total interest
Ksh 487,930
Ksh 46,639 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 139,029 | Ksh 158,557 | Ksh 860,971 |
| Year 2 | Ksh 303,462 | Ksh 291,710 | Ksh 696,538 |
| Year 3 | Ksh 497,941 | Ksh 394,818 | Ksh 502,059 |
| Year 4 | Ksh 727,956 | Ksh 462,389 | Ksh 272,044 |
| Year 5 | Ksh 1,000,000 | Ksh 487,930 | 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 5 years would run about Ksh 21,425/month — saving Ksh 202,454 in interest. See the Citibank N.A. Kenya version →