Ksh 2,000,000 loan at UBA Kenya Bank for 10 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 2,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 34,633. Total cost: Ksh 4,155,948 (Ksh 2,155,948 interest).
Monthly repayment
Ksh 34,633
At 16.90% · 120 payments
Total repayment
Ksh 4,155,948
2.08× the borrowed amount
Total interest
Ksh 2,155,948
Ksh 218,987 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 83,896 | Ksh 331,698 | Ksh 1,916,104 |
| Year 2 | Ksh 183,123 | Ksh 648,067 | Ksh 1,816,877 |
| Year 3 | Ksh 300,481 | Ksh 946,304 | Ksh 1,699,519 |
| Year 4 | Ksh 439,282 | Ksh 1,223,097 | Ksh 1,560,718 |
| Year 5 | Ksh 603,447 | Ksh 1,474,527 | Ksh 1,396,553 |
| Year 6 | Ksh 797,608 | Ksh 1,695,961 | Ksh 1,202,392 |
| Year 7 | Ksh 1,027,247 | Ksh 1,881,917 | Ksh 972,753 |
| Year 8 | Ksh 1,298,847 | Ksh 2,025,911 | Ksh 701,153 |
| Year 9 | Ksh 1,620,075 | Ksh 2,120,278 | Ksh 379,925 |
| Year 10 | Ksh 2,000,000 | Ksh 2,155,948 | 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 2,000,000 loan over 10 years would run about Ksh 26,830/month — saving Ksh 936,293 in interest. See the Citibank N.A. Kenya version →