Ksh 2,000,000 loan at SBM Bank Kenya for 25 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 2,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 30,493. Total cost: Ksh 9,147,771 (Ksh 7,147,772 interest).
Monthly repayment
Ksh 30,493
At 18.09% · 300 payments
Total repayment
Ksh 9,147,771
4.57× the borrowed amount
Total interest
Ksh 7,147,772
Ksh 1,257,394 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 4,469 | Ksh 361,441 | Ksh 1,995,531 |
| Year 2 | Ksh 9,818 | Ksh 722,004 | Ksh 1,990,182 |
| Year 3 | Ksh 16,218 | Ksh 1,081,514 | Ksh 1,983,782 |
| Year 4 | Ksh 23,878 | Ksh 1,439,766 | Ksh 1,976,122 |
| Year 5 | Ksh 33,043 | Ksh 1,796,511 | Ksh 1,966,957 |
| Year 6 | Ksh 44,012 | Ksh 2,151,454 | Ksh 1,955,988 |
| Year 7 | Ksh 57,137 | Ksh 2,504,239 | Ksh 1,942,863 |
| Year 8 | Ksh 72,845 | Ksh 2,854,443 | Ksh 1,927,155 |
| Year 9 | Ksh 91,641 | Ksh 3,201,557 | Ksh 1,908,359 |
| Year 10 | Ksh 114,134 | Ksh 3,544,975 | Ksh 1,885,866 |
| Year 11 | Ksh 141,051 | Ksh 3,883,968 | Ksh 1,858,949 |
| Year 12 | Ksh 173,263 | Ksh 4,217,668 | Ksh 1,826,737 |
| Year 13 | Ksh 211,809 | Ksh 4,545,032 | Ksh 1,788,191 |
| Year 14 | Ksh 257,937 | Ksh 4,864,815 | Ksh 1,742,063 |
| Year 15 | Ksh 313,137 | Ksh 5,175,526 | Ksh 1,686,863 |
| Year 16 | Ksh 379,194 | Ksh 5,475,380 | Ksh 1,620,806 |
| Year 17 | Ksh 458,243 | Ksh 5,762,242 | Ksh 1,541,757 |
| Year 18 | Ksh 552,839 | Ksh 6,033,557 | Ksh 1,447,161 |
| Year 19 | Ksh 666,041 | Ksh 6,286,266 | Ksh 1,333,959 |
| Year 20 | Ksh 801,506 | Ksh 6,516,712 | Ksh 1,198,494 |
| Year 21 | Ksh 963,615 | Ksh 6,720,514 | Ksh 1,036,385 |
| Year 22 | Ksh 1,157,607 | Ksh 6,892,433 | Ksh 842,393 |
| Year 23 | Ksh 1,389,753 | Ksh 7,026,197 | Ksh 610,247 |
| Year 24 | Ksh 1,667,557 | Ksh 7,114,304 | Ksh 332,443 |
| Year 25 | Ksh 2,000,000 | Ksh 7,147,772 | 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 25 years would run about Ksh 18,684/month — saving Ksh 3,542,569 in interest. See the Citibank N.A. Kenya version →