Ksh 1,000,000 loan at Sidian Bank for 3 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 1,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 35,992. Total cost: Ksh 1,295,715 (Ksh 295,715 interest).
Monthly repayment
Ksh 35,992
At 17.68% · 36 payments
Total repayment
Ksh 1,295,715
1.30× the borrowed amount
Total interest
Ksh 295,715
Ksh 39,992 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 276,827 | Ksh 155,078 | Ksh 723,173 |
| Year 2 | Ksh 606,763 | Ksh 257,046 | Ksh 393,237 |
| Year 3 | Ksh 1,000,000 | Ksh 295,715 | 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 3 years would run about Ksh 32,436/month — saving Ksh 128,002 in interest. See the Citibank N.A. Kenya version →