Ksh 500,000 loan at UBA Kenya Bank for 15 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 500,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 7,660. Total cost: Ksh 1,378,730 (Ksh 878,730 interest).
Monthly repayment
Ksh 7,660
At 16.90% · 180 payments
Total repayment
Ksh 1,378,730
2.76× the borrowed amount
Total interest
Ksh 878,730
Ksh 91,869 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 8,018 | Ksh 83,898 | Ksh 491,982 |
| Year 2 | Ksh 17,500 | Ksh 166,331 | Ksh 482,500 |
| Year 3 | Ksh 28,715 | Ksh 247,031 | Ksh 471,285 |
| Year 4 | Ksh 41,980 | Ksh 325,681 | Ksh 458,020 |
| Year 5 | Ksh 57,668 | Ksh 401,908 | Ksh 442,332 |
| Year 6 | Ksh 76,223 | Ksh 475,269 | Ksh 423,777 |
| Year 7 | Ksh 98,169 | Ksh 545,239 | Ksh 401,831 |
| Year 8 | Ksh 124,124 | Ksh 611,198 | Ksh 375,876 |
| Year 9 | Ksh 154,823 | Ksh 672,416 | Ksh 345,177 |
| Year 10 | Ksh 191,130 | Ksh 728,023 | Ksh 308,870 |
| Year 11 | Ksh 234,072 | Ksh 776,997 | Ksh 265,928 |
| Year 12 | Ksh 284,860 | Ksh 818,124 | Ksh 215,140 |
| Year 13 | Ksh 344,929 | Ksh 849,971 | Ksh 155,071 |
| Year 14 | Ksh 415,974 | Ksh 870,841 | Ksh 84,026 |
| Year 15 | Ksh 500,000 | Ksh 878,730 | 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 15 years would run about Ksh 5,484/month — saving Ksh 391,668 in interest. See the Citibank N.A. Kenya version →