Ksh 5,000,000 loan at SBM Bank Kenya for 3 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 180,988. Total cost: Ksh 6,515,561 (Ksh 1,515,561 interest).
Monthly repayment
Ksh 180,988
At 18.09% · 36 payments
Total repayment
Ksh 6,515,561
1.30× the borrowed amount
Total interest
Ksh 1,515,561
Ksh 236,947 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 1,377,897 | Ksh 793,957 | Ksh 3,622,103 |
| Year 2 | Ksh 3,026,797 | Ksh 1,316,911 | Ksh 1,973,203 |
| Year 3 | Ksh 5,000,000 | Ksh 1,515,561 | 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 3 years would run about Ksh 162,182/month — saving Ksh 676,996 in interest. See the Citibank N.A. Kenya version →