Ksh 2,000,000 loan at SBM Bank Kenya for 10 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 2,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 36,153. Total cost: Ksh 4,338,360 (Ksh 2,338,360 interest).
Monthly repayment
Ksh 36,153
At 18.09% · 120 payments
Total repayment
Ksh 4,338,360
2.17× the borrowed amount
Total interest
Ksh 2,338,360
Ksh 401,400 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 78,319 | Ksh 355,517 | Ksh 1,921,681 |
| Year 2 | Ksh 172,042 | Ksh 695,630 | Ksh 1,827,958 |
| Year 3 | Ksh 284,199 | Ksh 1,017,309 | Ksh 1,715,801 |
| Year 4 | Ksh 418,414 | Ksh 1,316,930 | Ksh 1,581,586 |
| Year 5 | Ksh 579,026 | Ksh 1,590,154 | Ksh 1,420,974 |
| Year 6 | Ksh 771,228 | Ksh 1,831,789 | Ksh 1,228,772 |
| Year 7 | Ksh 1,001,231 | Ksh 2,035,621 | Ksh 998,769 |
| Year 8 | Ksh 1,276,471 | Ksh 2,194,217 | Ksh 723,529 |
| Year 9 | Ksh 1,605,845 | Ksh 2,298,679 | Ksh 394,155 |
| Year 10 | Ksh 2,000,000 | Ksh 2,338,360 | 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 2,000,000 loan over 10 years would run about Ksh 26,830/month — saving Ksh 1,118,705 in interest. See the Citibank N.A. Kenya version →