Ksh 500,000 loan at SBM Bank Kenya for 3 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 18,099. Total cost: Ksh 651,556 (Ksh 151,556 interest).
Monthly repayment
Ksh 18,099
At 18.09% · 36 payments
Total repayment
Ksh 651,556
1.30× the borrowed amount
Total interest
Ksh 151,556
Ksh 23,695 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 137,790 | Ksh 79,396 | Ksh 362,210 |
| Year 2 | Ksh 302,680 | Ksh 131,691 | Ksh 197,320 |
| Year 3 | Ksh 500,000 | Ksh 151,556 | 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 3 years would run about Ksh 16,218/month — saving Ksh 67,700 in interest. See the Citibank N.A. Kenya version →