Ksh 5,000,000 loan at SBM Bank Kenya for 2 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 249,838. Total cost: Ksh 5,996,112 (Ksh 996,112 interest).
Monthly repayment
Ksh 249,838
At 18.09% · 24 payments
Total repayment
Ksh 5,996,112
1.20× the borrowed amount
Total interest
Ksh 996,112
Ksh 152,597 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 2,276,164 | Ksh 721,892 | Ksh 2,723,837 |
| Year 2 | Ksh 5,000,000 | Ksh 996,112 | 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 2 years would run about Ksh 231,556/month — saving Ksh 438,761 in interest. See the Citibank N.A. Kenya version →