Ksh 10,000,000 loan at SBM Bank Kenya for 25 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 10,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 152,463. Total cost: Ksh 45,738,861 (Ksh 35,738,861 interest).
Monthly repayment
Ksh 152,463
At 18.09% · 300 payments
Total repayment
Ksh 45,738,861
4.57× the borrowed amount
Total interest
Ksh 35,738,861
Ksh 6,286,970 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 22,347 | Ksh 1,807,207 | Ksh 9,977,653 |
| Year 2 | Ksh 49,090 | Ksh 3,610,019 | Ksh 9,950,910 |
| Year 3 | Ksh 81,092 | Ksh 5,407,571 | Ksh 9,918,908 |
| Year 4 | Ksh 119,388 | Ksh 7,198,829 | Ksh 9,880,612 |
| Year 5 | Ksh 165,217 | Ksh 8,982,555 | Ksh 9,834,783 |
| Year 6 | Ksh 220,059 | Ksh 10,757,268 | Ksh 9,779,941 |
| Year 7 | Ksh 285,687 | Ksh 12,521,194 | Ksh 9,714,313 |
| Year 8 | Ksh 364,223 | Ksh 14,272,213 | Ksh 9,635,777 |
| Year 9 | Ksh 458,205 | Ksh 16,007,785 | Ksh 9,541,795 |
| Year 10 | Ksh 570,671 | Ksh 17,724,873 | Ksh 9,429,329 |
| Year 11 | Ksh 705,257 | Ksh 19,419,841 | Ksh 9,294,743 |
| Year 12 | Ksh 866,314 | Ksh 21,088,340 | Ksh 9,133,686 |
| Year 13 | Ksh 1,059,047 | Ksh 22,725,161 | Ksh 8,940,953 |
| Year 14 | Ksh 1,289,686 | Ksh 24,324,076 | Ksh 8,710,314 |
| Year 15 | Ksh 1,565,687 | Ksh 25,877,630 | Ksh 8,434,313 |
| Year 16 | Ksh 1,895,972 | Ksh 27,376,899 | Ksh 8,104,028 |
| Year 17 | Ksh 2,291,216 | Ksh 28,811,209 | Ksh 7,708,784 |
| Year 18 | Ksh 2,764,197 | Ksh 30,167,783 | Ksh 7,235,803 |
| Year 19 | Ksh 3,330,203 | Ksh 31,431,331 | Ksh 6,669,797 |
| Year 20 | Ksh 4,007,531 | Ksh 32,583,558 | Ksh 5,992,469 |
| Year 21 | Ksh 4,818,074 | Ksh 33,602,569 | Ksh 5,181,926 |
| Year 22 | Ksh 5,788,035 | Ksh 34,462,163 | Ksh 4,211,965 |
| Year 23 | Ksh 6,948,765 | Ksh 35,130,987 | Ksh 3,051,235 |
| Year 24 | Ksh 8,337,787 | Ksh 35,571,520 | Ksh 1,662,213 |
| Year 25 | Ksh 10,000,000 | Ksh 35,738,861 | 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 25 years would run about Ksh 93,420/month — saving Ksh 17,712,846 in interest. See the Citibank N.A. Kenya version →