Ksh 5,000,000 loan at Victoria Commercial Bank for 3 years.
At Victoria Commercial Bank's current lending rate of 15.68%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 174,996. Total cost: Ksh 6,299,865 (Ksh 1,299,865 interest).
Monthly repayment
Ksh 174,996
At 15.68% · 36 payments
Total repayment
Ksh 6,299,865
1.26× the borrowed amount
Total interest
Ksh 1,299,865
Ksh 21,252 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 1,414,771 | Ksh 685,184 | Ksh 3,585,229 |
| Year 2 | Ksh 3,068,037 | Ksh 1,131,874 | Ksh 1,931,963 |
| Year 3 | Ksh 5,000,000 | Ksh 1,299,865 | 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 3 years would run about Ksh 162,182/month — saving Ksh 461,301 in interest. See the Citibank N.A. Kenya version →