Ksh 500,000 loan at UBA Kenya Bank for 10 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 8,658. Total cost: Ksh 1,038,988 (Ksh 538,987 interest).
Monthly repayment
Ksh 8,658
At 16.90% · 120 payments
Total repayment
Ksh 1,038,988
2.08× the borrowed amount
Total interest
Ksh 538,987
Ksh 54,747 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 20,974 | Ksh 82,925 | Ksh 479,026 |
| Year 2 | Ksh 45,781 | Ksh 162,017 | Ksh 454,219 |
| Year 3 | Ksh 75,120 | Ksh 236,576 | Ksh 424,880 |
| Year 4 | Ksh 109,821 | Ksh 305,774 | Ksh 390,179 |
| Year 5 | Ksh 150,862 | Ksh 368,632 | Ksh 349,138 |
| Year 6 | Ksh 199,402 | Ksh 423,990 | Ksh 300,598 |
| Year 7 | Ksh 256,812 | Ksh 470,479 | Ksh 243,188 |
| Year 8 | Ksh 324,712 | Ksh 506,478 | Ksh 175,288 |
| Year 9 | Ksh 405,019 | Ksh 530,069 | Ksh 94,981 |
| Year 10 | Ksh 500,000 | Ksh 538,987 | 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 500,000 loan over 10 years would run about Ksh 6,708/month — saving Ksh 234,073 in interest. See the Citibank N.A. Kenya version →