Ksh 10,000,000 loan at Sidian Bank for 10 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 178,130. Total cost: Ksh 21,375,622 (Ksh 11,375,622 interest).
Monthly repayment
Ksh 178,130
At 17.68% · 120 payments
Total repayment
Ksh 21,375,622
2.14× the borrowed amount
Total interest
Ksh 11,375,622
Ksh 1,690,818 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 401,030 | Ksh 1,736,533 | Ksh 9,598,970 |
| Year 2 | Ksh 878,999 | Ksh 3,396,126 | Ksh 9,121,001 |
| Year 3 | Ksh 1,448,668 | Ksh 4,964,019 | Ksh 8,551,332 |
| Year 4 | Ksh 2,127,631 | Ksh 6,422,618 | Ksh 7,872,369 |
| Year 5 | Ksh 2,936,855 | Ksh 7,750,956 | Ksh 7,063,145 |
| Year 6 | Ksh 3,901,333 | Ksh 8,924,041 | Ksh 6,098,667 |
| Year 7 | Ksh 5,050,849 | Ksh 9,912,086 | Ksh 4,949,151 |
| Year 8 | Ksh 6,420,905 | Ksh 10,679,592 | Ksh 3,579,095 |
| Year 9 | Ksh 8,053,813 | Ksh 11,184,247 | Ksh 1,946,187 |
| Year 10 | Ksh 10,000,000 | Ksh 11,375,622 | 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 10 years would run about Ksh 134,152/month — saving Ksh 5,277,347 in interest. See the Citibank N.A. Kenya version →