Ksh 1,000,000 loan at Sidian Bank for 5 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 25,220. Total cost: Ksh 1,513,180 (Ksh 513,180 interest).
Monthly repayment
Ksh 25,220
At 17.68% · 60 payments
Total repayment
Ksh 1,513,180
1.51× the borrowed amount
Total interest
Ksh 513,180
Ksh 71,889 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 136,551 | Ksh 166,085 | Ksh 863,449 |
| Year 2 | Ksh 299,299 | Ksh 305,973 | Ksh 700,701 |
| Year 3 | Ksh 493,272 | Ksh 414,636 | Ksh 506,728 |
| Year 4 | Ksh 724,459 | Ksh 486,085 | Ksh 275,541 |
| Year 5 | Ksh 1,000,000 | Ksh 513,180 | 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 5 years would run about Ksh 21,425/month — saving Ksh 227,703 in interest. See the Citibank N.A. Kenya version →