Ksh 2,000,000 loan at UBA Kenya Bank for 5 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 49,598. Total cost: Ksh 2,975,861 (Ksh 975,861 interest).
Monthly repayment
Ksh 49,598
At 16.90% · 60 payments
Total repayment
Ksh 2,975,861
1.49× the borrowed amount
Total interest
Ksh 975,861
Ksh 93,279 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 278,058 | Ksh 317,114 | Ksh 1,721,942 |
| Year 2 | Ksh 606,923 | Ksh 583,421 | Ksh 1,393,077 |
| Year 3 | Ksh 995,881 | Ksh 789,635 | Ksh 1,004,119 |
| Year 4 | Ksh 1,455,911 | Ksh 924,777 | Ksh 544,089 |
| Year 5 | Ksh 2,000,000 | Ksh 975,861 | 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 5 years would run about Ksh 42,849/month — saving Ksh 404,907 in interest. See the Citibank N.A. Kenya version →