Ksh 1,000,000 loan at Sidian Bank for 1 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 1,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 91,528. Total cost: Ksh 1,098,333 (Ksh 98,333 interest).
Monthly repayment
Ksh 91,528
At 17.68% · 12 payments
Total repayment
Ksh 1,098,333
1.10× the borrowed amount
Total interest
Ksh 98,333
Ksh 12,740 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 1,000,000 | Ksh 98,333 | 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 1,000,000 loan over 1 years would run about Ksh 88,083/month — saving Ksh 41,332 in interest. See the Citibank N.A. Kenya version →