Ksh 5,000,000 loan at SBM Bank Kenya for 10 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 90,383. Total cost: Ksh 10,845,901 (Ksh 5,845,901 interest).
Monthly repayment
Ksh 90,383
At 18.09% · 120 payments
Total repayment
Ksh 10,845,901
2.17× the borrowed amount
Total interest
Ksh 5,845,901
Ksh 1,003,499 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 195,798 | Ksh 888,792 | Ksh 4,804,202 |
| Year 2 | Ksh 430,106 | Ksh 1,739,074 | Ksh 4,569,894 |
| Year 3 | Ksh 710,497 | Ksh 2,543,274 | Ksh 4,289,503 |
| Year 4 | Ksh 1,046,034 | Ksh 3,292,326 | Ksh 3,953,966 |
| Year 5 | Ksh 1,447,565 | Ksh 3,975,385 | Ksh 3,552,435 |
| Year 6 | Ksh 1,928,069 | Ksh 4,579,472 | Ksh 3,071,931 |
| Year 7 | Ksh 2,503,077 | Ksh 5,089,053 | Ksh 2,496,923 |
| Year 8 | Ksh 3,191,178 | Ksh 5,485,543 | Ksh 1,808,822 |
| Year 9 | Ksh 4,014,613 | Ksh 5,746,698 | Ksh 985,387 |
| Year 10 | Ksh 5,000,000 | Ksh 5,845,901 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 2,796,764 in interest. See the Citibank N.A. Kenya version →