Ksh 1,000,000 loan at Sidian Bank for 10 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 1,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 17,813. Total cost: Ksh 2,137,562 (Ksh 1,137,562 interest).
Monthly repayment
Ksh 17,813
At 17.68% · 120 payments
Total repayment
Ksh 2,137,562
2.14× the borrowed amount
Total interest
Ksh 1,137,562
Ksh 169,082 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 40,103 | Ksh 173,653 | Ksh 959,897 |
| Year 2 | Ksh 87,900 | Ksh 339,613 | Ksh 912,100 |
| Year 3 | Ksh 144,867 | Ksh 496,402 | Ksh 855,133 |
| Year 4 | Ksh 212,763 | Ksh 642,262 | Ksh 787,237 |
| Year 5 | Ksh 293,686 | Ksh 775,096 | Ksh 706,315 |
| Year 6 | Ksh 390,133 | Ksh 892,404 | Ksh 609,867 |
| Year 7 | Ksh 505,085 | Ksh 991,209 | Ksh 494,915 |
| Year 8 | Ksh 642,091 | Ksh 1,067,959 | Ksh 357,909 |
| Year 9 | Ksh 805,381 | Ksh 1,118,425 | Ksh 194,619 |
| Year 10 | Ksh 1,000,000 | Ksh 1,137,562 | 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 10 years would run about Ksh 13,415/month — saving Ksh 527,735 in interest. See the Citibank N.A. Kenya version →