Ksh 500,000 loan at Victoria Commercial Bank for 1 years.
At Victoria Commercial Bank's current lending rate of 15.68%, a Ksh 500,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 45,290. Total cost: Ksh 543,477 (Ksh 43,477 interest).
Monthly repayment
Ksh 45,290
At 15.68% · 12 payments
Total repayment
Ksh 543,477
1.09× the borrowed amount
Total interest
Ksh 43,477
Ksh 681 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 500,000 | Ksh 43,477 | 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 1 years would run about Ksh 44,042/month — saving Ksh 14,977 in interest. See the Citibank N.A. Kenya version →