Ksh 1,000,000 loan at Sidian Bank for 2 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 49,770. Total cost: Ksh 1,194,471 (Ksh 194,471 interest).
Monthly repayment
Ksh 49,770
At 17.68% · 24 payments
Total repayment
Ksh 1,194,471
1.19× the borrowed amount
Total interest
Ksh 194,471
Ksh 25,768 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 456,235 | Ksh 141,001 | Ksh 543,765 |
| Year 2 | Ksh 1,000,000 | Ksh 194,471 | 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 2 years would run about Ksh 46,311/month — saving Ksh 83,001 in interest. See the Citibank N.A. Kenya version →