Ksh 10,000,000 loan at UBA Kenya Bank for 25 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 10,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 142,987. Total cost: Ksh 42,896,136 (Ksh 32,896,137 interest).
Monthly repayment
Ksh 142,987
At 16.90% · 300 payments
Total repayment
Ksh 42,896,136
4.29× the borrowed amount
Total interest
Ksh 32,896,137
Ksh 3,444,246 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 27,944 | Ksh 1,687,901 | Ksh 9,972,056 |
| Year 2 | Ksh 60,995 | Ksh 3,370,696 | Ksh 9,939,005 |
| Year 3 | Ksh 100,085 | Ksh 5,047,452 | Ksh 9,899,915 |
| Year 4 | Ksh 146,317 | Ksh 6,717,065 | Ksh 9,853,683 |
| Year 5 | Ksh 200,998 | Ksh 8,378,230 | Ksh 9,799,002 |
| Year 6 | Ksh 265,669 | Ksh 10,029,404 | Ksh 9,734,331 |
| Year 7 | Ksh 342,158 | Ksh 11,668,760 | Ksh 9,657,842 |
| Year 8 | Ksh 432,623 | Ksh 13,294,140 | Ksh 9,567,377 |
| Year 9 | Ksh 539,619 | Ksh 14,902,990 | Ksh 9,460,381 |
| Year 10 | Ksh 666,165 | Ksh 16,492,290 | Ksh 9,333,835 |
| Year 11 | Ksh 815,835 | Ksh 18,058,466 | Ksh 9,184,165 |
| Year 12 | Ksh 992,852 | Ksh 19,597,293 | Ksh 9,007,148 |
| Year 13 | Ksh 1,202,216 | Ksh 21,103,776 | Ksh 8,797,784 |
| Year 14 | Ksh 1,449,835 | Ksh 22,572,002 | Ksh 8,550,165 |
| Year 15 | Ksh 1,742,700 | Ksh 23,994,982 | Ksh 8,257,300 |
| Year 16 | Ksh 2,089,079 | Ksh 25,364,448 | Ksh 7,910,921 |
| Year 17 | Ksh 2,498,751 | Ksh 26,670,622 | Ksh 7,501,249 |
| Year 18 | Ksh 2,983,279 | Ksh 27,901,939 | Ksh 7,016,721 |
| Year 19 | Ksh 3,556,343 | Ksh 29,044,721 | Ksh 6,443,657 |
| Year 20 | Ksh 4,234,120 | Ksh 30,082,790 | Ksh 5,765,880 |
| Year 21 | Ksh 5,035,744 | Ksh 30,997,012 | Ksh 4,964,256 |
| Year 22 | Ksh 5,983,844 | Ksh 31,764,757 | Ksh 4,016,156 |
| Year 23 | Ksh 7,105,186 | Ksh 32,359,261 | Ksh 2,894,814 |
| Year 24 | Ksh 8,431,424 | Ksh 32,748,867 | Ksh 1,568,576 |
| Year 25 | Ksh 10,000,000 | Ksh 32,896,137 | 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 10,000,000 loan over 25 years would run about Ksh 93,420/month — saving Ksh 14,870,122 in interest. See the Citibank N.A. Kenya version →