Ksh 500,000 loan at Victoria Commercial Bank for 25 years.
At Victoria Commercial Bank's current lending rate of 15.68%, a Ksh 500,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 6,669. Total cost: Ksh 2,000,718 (Ksh 1,500,717 interest).
Monthly repayment
Ksh 6,669
At 15.68% · 300 payments
Total repayment
Ksh 2,000,718
4.00× the borrowed amount
Total interest
Ksh 1,500,717
Ksh 28,123 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 1,751 | Ksh 78,278 | Ksh 498,249 |
| Year 2 | Ksh 3,797 | Ksh 156,260 | Ksh 496,203 |
| Year 3 | Ksh 6,188 | Ksh 233,898 | Ksh 493,812 |
| Year 4 | Ksh 8,982 | Ksh 311,132 | Ksh 491,018 |
| Year 5 | Ksh 12,248 | Ksh 387,896 | Ksh 487,752 |
| Year 6 | Ksh 16,063 | Ksh 464,109 | Ksh 483,937 |
| Year 7 | Ksh 20,522 | Ksh 539,679 | Ksh 479,478 |
| Year 8 | Ksh 25,733 | Ksh 614,497 | Ksh 474,267 |
| Year 9 | Ksh 31,821 | Ksh 688,437 | Ksh 468,179 |
| Year 10 | Ksh 38,937 | Ksh 761,350 | Ksh 461,063 |
| Year 11 | Ksh 47,251 | Ksh 833,064 | Ksh 452,749 |
| Year 12 | Ksh 56,968 | Ksh 903,377 | Ksh 443,032 |
| Year 13 | Ksh 68,322 | Ksh 972,051 | Ksh 431,678 |
| Year 14 | Ksh 81,590 | Ksh 1,038,811 | Ksh 418,410 |
| Year 15 | Ksh 97,095 | Ksh 1,103,335 | Ksh 402,905 |
| Year 16 | Ksh 115,214 | Ksh 1,165,245 | Ksh 384,786 |
| Year 17 | Ksh 136,387 | Ksh 1,224,101 | Ksh 363,613 |
| Year 18 | Ksh 161,129 | Ksh 1,279,387 | Ksh 338,871 |
| Year 19 | Ksh 190,043 | Ksh 1,330,503 | Ksh 309,957 |
| Year 20 | Ksh 223,830 | Ksh 1,376,744 | Ksh 276,170 |
| Year 21 | Ksh 263,313 | Ksh 1,417,290 | Ksh 236,687 |
| Year 22 | Ksh 309,451 | Ksh 1,451,180 | Ksh 190,549 |
| Year 23 | Ksh 363,368 | Ksh 1,477,292 | Ksh 136,632 |
| Year 24 | Ksh 426,373 | Ksh 1,494,315 | Ksh 73,627 |
| Year 25 | Ksh 500,000 | Ksh 1,500,717 | 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 25 years would run about Ksh 4,671/month — saving Ksh 599,416 in interest. See the Citibank N.A. Kenya version →