Ksh 10,000,000 loan at Victoria Commercial Bank for 1 years.
At Victoria Commercial Bank's current lending rate of 15.68%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 905,795. Total cost: Ksh 10,869,540 (Ksh 869,540 interest).
Monthly repayment
Ksh 905,795
At 15.68% · 12 payments
Total repayment
Ksh 10,869,540
1.09× the borrowed amount
Total interest
Ksh 869,540
Ksh 13,612 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 10,000,000 | Ksh 869,540 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 299,531 in interest. See the Citibank N.A. Kenya version →