Ksh 5,000,000 loan at SBM Bank Kenya for 5 years.
At SBM Bank Kenya's current lending rate of 18.09%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 127,212. Total cost: Ksh 7,632,724 (Ksh 2,632,724 interest).
Monthly repayment
Ksh 127,212
At 18.09% · 60 payments
Total repayment
Ksh 7,632,724
1.53× the borrowed amount
Total interest
Ksh 2,632,724
Ksh 426,269 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 676,302 | Ksh 850,243 | Ksh 4,323,698 |
| Year 2 | Ksh 1,485,618 | Ksh 1,567,472 | Ksh 3,514,382 |
| Year 3 | Ksh 2,454,109 | Ksh 2,125,525 | Ksh 2,545,891 |
| Year 4 | Ksh 3,613,082 | Ksh 2,493,097 | Ksh 1,386,918 |
| Year 5 | Ksh 5,000,000 | Ksh 2,632,724 | 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 5 years would run about Ksh 107,123/month — saving Ksh 1,205,340 in interest. See the Citibank N.A. Kenya version →