Ksh 500,000 loan at SBM Bank Kenya for 25 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 500,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 7,623. Total cost: Ksh 2,286,942 (Ksh 1,786,943 interest).
Monthly repayment
Ksh 7,623
At 18.09% · 300 payments
Total repayment
Ksh 2,286,942
4.57× the borrowed amount
Total interest
Ksh 1,786,943
Ksh 314,348 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 1,117 | Ksh 90,360 | Ksh 498,883 |
| Year 2 | Ksh 2,454 | Ksh 180,501 | Ksh 497,546 |
| Year 3 | Ksh 4,055 | Ksh 270,379 | Ksh 495,945 |
| Year 4 | Ksh 5,969 | Ksh 359,941 | Ksh 494,031 |
| Year 5 | Ksh 8,261 | Ksh 449,128 | Ksh 491,739 |
| Year 6 | Ksh 11,003 | Ksh 537,863 | Ksh 488,997 |
| Year 7 | Ksh 14,284 | Ksh 626,060 | Ksh 485,716 |
| Year 8 | Ksh 18,211 | Ksh 713,611 | Ksh 481,789 |
| Year 9 | Ksh 22,910 | Ksh 800,389 | Ksh 477,090 |
| Year 10 | Ksh 28,534 | Ksh 886,244 | Ksh 471,466 |
| Year 11 | Ksh 35,263 | Ksh 970,992 | Ksh 464,737 |
| Year 12 | Ksh 43,316 | Ksh 1,054,417 | Ksh 456,684 |
| Year 13 | Ksh 52,952 | Ksh 1,136,258 | Ksh 447,048 |
| Year 14 | Ksh 64,484 | Ksh 1,216,204 | Ksh 435,516 |
| Year 15 | Ksh 78,284 | Ksh 1,293,881 | Ksh 421,716 |
| Year 16 | Ksh 94,799 | Ksh 1,368,845 | Ksh 405,201 |
| Year 17 | Ksh 114,561 | Ksh 1,440,560 | Ksh 385,439 |
| Year 18 | Ksh 138,210 | Ksh 1,508,389 | Ksh 361,790 |
| Year 19 | Ksh 166,510 | Ksh 1,571,567 | Ksh 333,490 |
| Year 20 | Ksh 200,377 | Ksh 1,629,178 | Ksh 299,623 |
| Year 21 | Ksh 240,904 | Ksh 1,680,128 | Ksh 259,096 |
| Year 22 | Ksh 289,402 | Ksh 1,723,108 | Ksh 210,598 |
| Year 23 | Ksh 347,438 | Ksh 1,756,549 | Ksh 152,562 |
| Year 24 | Ksh 416,889 | Ksh 1,778,576 | Ksh 83,111 |
| Year 25 | Ksh 500,000 | Ksh 1,786,943 | 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 885,642 in interest. See the Citibank N.A. Kenya version →