Ksh 1,000,000 loan at Sidian Bank for 25 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 14,919. Total cost: Ksh 4,475,625 (Ksh 3,475,626 interest).
Monthly repayment
Ksh 14,919
At 17.68% · 300 payments
Total repayment
Ksh 4,475,625
4.48× the borrowed amount
Total interest
Ksh 3,475,626
Ksh 530,437 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 2,414 | Ksh 176,611 | Ksh 997,586 |
| Year 2 | Ksh 5,292 | Ksh 352,758 | Ksh 994,708 |
| Year 3 | Ksh 8,722 | Ksh 528,353 | Ksh 991,278 |
| Year 4 | Ksh 12,810 | Ksh 703,290 | Ksh 987,190 |
| Year 5 | Ksh 17,682 | Ksh 877,443 | Ksh 982,318 |
| Year 6 | Ksh 23,489 | Ksh 1,050,661 | Ksh 976,511 |
| Year 7 | Ksh 30,410 | Ksh 1,222,765 | Ksh 969,590 |
| Year 8 | Ksh 38,658 | Ksh 1,393,542 | Ksh 961,342 |
| Year 9 | Ksh 48,490 | Ksh 1,562,736 | Ksh 951,510 |
| Year 10 | Ksh 60,207 | Ksh 1,730,043 | Ksh 939,793 |
| Year 11 | Ksh 74,173 | Ksh 1,895,103 | Ksh 925,827 |
| Year 12 | Ksh 90,817 | Ksh 2,057,483 | Ksh 909,183 |
| Year 13 | Ksh 110,656 | Ksh 2,216,670 | Ksh 889,344 |
| Year 14 | Ksh 134,300 | Ksh 2,372,051 | Ksh 865,700 |
| Year 15 | Ksh 162,480 | Ksh 2,522,895 | Ksh 837,520 |
| Year 16 | Ksh 196,067 | Ksh 2,668,333 | Ksh 803,933 |
| Year 17 | Ksh 236,098 | Ksh 2,807,327 | Ksh 763,902 |
| Year 18 | Ksh 283,809 | Ksh 2,938,641 | Ksh 716,191 |
| Year 19 | Ksh 340,674 | Ksh 3,060,802 | Ksh 659,326 |
| Year 20 | Ksh 408,448 | Ksh 3,172,053 | Ksh 591,552 |
| Year 21 | Ksh 489,225 | Ksh 3,270,301 | Ksh 510,775 |
| Year 22 | Ksh 585,499 | Ksh 3,353,052 | Ksh 414,501 |
| Year 23 | Ksh 700,244 | Ksh 3,417,332 | Ksh 299,756 |
| Year 24 | Ksh 837,003 | Ksh 3,459,598 | Ksh 162,997 |
| Year 25 | Ksh 1,000,000 | Ksh 3,475,626 | 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 25 years would run about Ksh 9,342/month — saving Ksh 1,673,024 in interest. See the Citibank N.A. Kenya version →