Ksh 10,000,000 loan at UBA Kenya Bank for 5 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 247,988. Total cost: Ksh 14,879,303 (Ksh 4,879,303 interest).
Monthly repayment
Ksh 247,988
At 16.90% · 60 payments
Total repayment
Ksh 14,879,303
1.49× the borrowed amount
Total interest
Ksh 4,879,303
Ksh 466,394 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 1,390,288 | Ksh 1,585,572 | Ksh 8,609,712 |
| Year 2 | Ksh 3,034,617 | Ksh 2,917,104 | Ksh 6,965,383 |
| Year 3 | Ksh 4,979,406 | Ksh 3,948,176 | Ksh 5,020,594 |
| Year 4 | Ksh 7,279,556 | Ksh 4,623,887 | Ksh 2,720,444 |
| Year 5 | Ksh 10,000,000 | Ksh 4,879,303 | 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 5 years would run about Ksh 214,246/month — saving Ksh 2,024,535 in interest. See the Citibank N.A. Kenya version →