Ksh 5,000,000 loan at SBM Bank Kenya for 25 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 5,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 76,231. Total cost: Ksh 22,869,432 (Ksh 17,869,431 interest).
Monthly repayment
Ksh 76,231
At 18.09% · 300 payments
Total repayment
Ksh 22,869,432
4.57× the borrowed amount
Total interest
Ksh 17,869,431
Ksh 3,143,485 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 11,174 | Ksh 903,604 | Ksh 4,988,826 |
| Year 2 | Ksh 24,545 | Ksh 1,805,010 | Ksh 4,975,455 |
| Year 3 | Ksh 40,546 | Ksh 2,703,786 | Ksh 4,959,454 |
| Year 4 | Ksh 59,694 | Ksh 3,599,415 | Ksh 4,940,306 |
| Year 5 | Ksh 82,608 | Ksh 4,491,278 | Ksh 4,917,392 |
| Year 6 | Ksh 110,029 | Ksh 5,378,634 | Ksh 4,889,971 |
| Year 7 | Ksh 142,843 | Ksh 6,260,597 | Ksh 4,857,157 |
| Year 8 | Ksh 182,111 | Ksh 7,136,106 | Ksh 4,817,889 |
| Year 9 | Ksh 229,102 | Ksh 8,003,893 | Ksh 4,770,898 |
| Year 10 | Ksh 285,336 | Ksh 8,862,437 | Ksh 4,714,664 |
| Year 11 | Ksh 352,629 | Ksh 9,709,921 | Ksh 4,647,371 |
| Year 12 | Ksh 433,157 | Ksh 10,544,170 | Ksh 4,566,843 |
| Year 13 | Ksh 529,523 | Ksh 11,362,581 | Ksh 4,470,477 |
| Year 14 | Ksh 644,843 | Ksh 12,162,038 | Ksh 4,355,157 |
| Year 15 | Ksh 782,844 | Ksh 12,938,815 | Ksh 4,217,156 |
| Year 16 | Ksh 947,986 | Ksh 13,688,450 | Ksh 4,052,014 |
| Year 17 | Ksh 1,145,608 | Ksh 14,405,605 | Ksh 3,854,392 |
| Year 18 | Ksh 1,382,099 | Ksh 15,083,891 | Ksh 3,617,901 |
| Year 19 | Ksh 1,665,102 | Ksh 15,715,666 | Ksh 3,334,898 |
| Year 20 | Ksh 2,003,765 | Ksh 16,291,779 | Ksh 2,996,235 |
| Year 21 | Ksh 2,409,037 | Ksh 16,801,284 | Ksh 2,590,963 |
| Year 22 | Ksh 2,894,017 | Ksh 17,231,082 | Ksh 2,105,983 |
| Year 23 | Ksh 3,474,383 | Ksh 17,565,493 | Ksh 1,525,617 |
| Year 24 | Ksh 4,168,894 | Ksh 17,785,760 | Ksh 831,106 |
| Year 25 | Ksh 5,000,000 | Ksh 17,869,431 | 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 25 years would run about Ksh 46,710/month — saving Ksh 8,856,423 in interest. See the Citibank N.A. Kenya version →