Ksh 1,000,000 loan at Sidian Bank for 15 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 15,875. Total cost: Ksh 2,857,412 (Ksh 1,857,412 interest).
Monthly repayment
Ksh 15,875
At 17.68% · 180 payments
Total repayment
Ksh 2,857,412
2.86× the borrowed amount
Total interest
Ksh 1,857,412
Ksh 283,690 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 14,860 | Ksh 175,634 | Ksh 985,140 |
| Year 2 | Ksh 32,571 | Ksh 348,417 | Ksh 967,429 |
| Year 3 | Ksh 53,680 | Ksh 517,802 | Ksh 946,320 |
| Year 4 | Ksh 78,839 | Ksh 683,137 | Ksh 921,161 |
| Year 5 | Ksh 108,825 | Ksh 843,645 | Ksh 891,175 |
| Year 6 | Ksh 144,564 | Ksh 998,401 | Ksh 855,436 |
| Year 7 | Ksh 187,159 | Ksh 1,146,300 | Ksh 812,841 |
| Year 8 | Ksh 237,927 | Ksh 1,286,026 | Ksh 762,073 |
| Year 9 | Ksh 298,434 | Ksh 1,416,013 | Ksh 701,566 |
| Year 10 | Ksh 370,550 | Ksh 1,534,391 | Ksh 629,450 |
| Year 11 | Ksh 456,502 | Ksh 1,638,933 | Ksh 543,498 |
| Year 12 | Ksh 558,944 | Ksh 1,726,985 | Ksh 441,056 |
| Year 13 | Ksh 681,040 | Ksh 1,795,384 | Ksh 318,960 |
| Year 14 | Ksh 826,561 | Ksh 1,840,357 | Ksh 173,439 |
| Year 15 | Ksh 1,000,000 | Ksh 1,857,412 | 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 15 years would run about Ksh 10,967/month — saving Ksh 883,288 in interest. See the Citibank N.A. Kenya version →