Ksh 1,000,000 loan at Sidian Bank for 20 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 1,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 15,187. Total cost: Ksh 3,644,950 (Ksh 2,644,950 interest).
Monthly repayment
Ksh 15,187
At 17.68% · 240 payments
Total repayment
Ksh 3,644,950
3.64× the borrowed amount
Total interest
Ksh 2,644,950
Ksh 406,356 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 5,911 | Ksh 176,336 | Ksh 994,089 |
| Year 2 | Ksh 12,957 | Ksh 351,538 | Ksh 987,043 |
| Year 3 | Ksh 21,354 | Ksh 525,389 | Ksh 978,646 |
| Year 4 | Ksh 31,362 | Ksh 697,628 | Ksh 968,638 |
| Year 5 | Ksh 43,291 | Ksh 867,947 | Ksh 956,709 |
| Year 6 | Ksh 57,508 | Ksh 1,035,978 | Ksh 942,492 |
| Year 7 | Ksh 74,452 | Ksh 1,201,281 | Ksh 925,548 |
| Year 8 | Ksh 94,647 | Ksh 1,363,333 | Ksh 905,353 |
| Year 9 | Ksh 118,717 | Ksh 1,521,511 | Ksh 881,283 |
| Year 10 | Ksh 147,405 | Ksh 1,675,070 | Ksh 852,595 |
| Year 11 | Ksh 181,596 | Ksh 1,823,126 | Ksh 818,404 |
| Year 12 | Ksh 222,348 | Ksh 1,964,622 | Ksh 777,652 |
| Year 13 | Ksh 270,918 | Ksh 2,098,300 | Ksh 729,082 |
| Year 14 | Ksh 328,806 | Ksh 2,222,660 | Ksh 671,194 |
| Year 15 | Ksh 397,800 | Ksh 2,335,913 | Ksh 602,200 |
| Year 16 | Ksh 480,031 | Ksh 2,435,930 | Ksh 519,969 |
| Year 17 | Ksh 578,038 | Ksh 2,520,170 | Ksh 421,962 |
| Year 18 | Ksh 694,848 | Ksh 2,585,607 | Ksh 305,152 |
| Year 19 | Ksh 834,069 | Ksh 2,628,634 | Ksh 165,931 |
| Year 20 | Ksh 1,000,000 | Ksh 2,644,950 | 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 20 years would run about Ksh 9,890/month — saving Ksh 1,271,366 in interest. See the Citibank N.A. Kenya version →