Ksh 500,000 loan at SBM Bank Kenya for 5 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 12,721. Total cost: Ksh 763,273 (Ksh 263,272 interest).
Monthly repayment
Ksh 12,721
At 18.09% · 60 payments
Total repayment
Ksh 763,273
1.53× the borrowed amount
Total interest
Ksh 263,272
Ksh 42,627 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 67,630 | Ksh 85,024 | Ksh 432,370 |
| Year 2 | Ksh 148,562 | Ksh 156,747 | Ksh 351,438 |
| Year 3 | Ksh 245,411 | Ksh 212,553 | Ksh 254,589 |
| Year 4 | Ksh 361,308 | Ksh 249,310 | Ksh 138,692 |
| Year 5 | Ksh 500,000 | Ksh 263,272 | 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 5 years would run about Ksh 10,712/month — saving Ksh 120,534 in interest. See the Citibank N.A. Kenya version →