Ksh 10,000,000 loan at Sidian Bank for 1 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 915,278. Total cost: Ksh 10,983,332 (Ksh 983,332 interest).
Monthly repayment
Ksh 915,278
At 17.68% · 12 payments
Total repayment
Ksh 10,983,332
1.10× the borrowed amount
Total interest
Ksh 983,332
Ksh 127,404 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 10,000,000 | Ksh 983,332 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 413,323 in interest. See the Citibank N.A. Kenya version →