Ksh 5,000,000 loan at UBA Kenya Bank for 10 years.
At UBA Kenya Bank's current lending rate of 16.90%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 86,582. Total cost: Ksh 10,389,870 (Ksh 5,389,870 interest).
Monthly repayment
Ksh 86,582
At 16.90% · 120 payments
Total repayment
Ksh 10,389,870
2.08× the borrowed amount
Total interest
Ksh 5,389,870
Ksh 547,468 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 209,741 | Ksh 829,246 | Ksh 4,790,259 |
| Year 2 | Ksh 457,807 | Ksh 1,620,167 | Ksh 4,542,193 |
| Year 3 | Ksh 751,201 | Ksh 2,365,760 | Ksh 4,248,799 |
| Year 4 | Ksh 1,098,206 | Ksh 3,057,742 | Ksh 3,901,794 |
| Year 5 | Ksh 1,508,617 | Ksh 3,686,319 | Ksh 3,491,384 |
| Year 6 | Ksh 1,994,020 | Ksh 4,239,903 | Ksh 3,005,981 |
| Year 7 | Ksh 2,568,118 | Ksh 4,704,792 | Ksh 2,431,882 |
| Year 8 | Ksh 3,247,118 | Ksh 5,064,778 | Ksh 1,752,882 |
| Year 9 | Ksh 4,050,189 | Ksh 5,300,695 | Ksh 949,812 |
| Year 10 | Ksh 5,000,000 | Ksh 5,389,870 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 2,340,733 in interest. See the Citibank N.A. Kenya version →