Ksh 2,000,000 loan at UBA Kenya Bank for 2 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 2,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 98,788. Total cost: Ksh 2,370,923 (Ksh 370,923 interest).
Monthly repayment
Ksh 98,788
At 16.90% · 24 payments
Total repayment
Ksh 2,370,923
1.19× the borrowed amount
Total interest
Ksh 370,923
Ksh 33,517 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 916,286 | Ksh 269,176 | Ksh 1,083,714 |
| Year 2 | Ksh 2,000,000 | Ksh 370,923 | 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 2 years would run about Ksh 92,623/month — saving Ksh 147,982 in interest. See the Citibank N.A. Kenya version →