Ksh 10,000,000 loan at Sidian Bank for 15 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 158,745. Total cost: Ksh 28,574,122 (Ksh 18,574,121 interest).
Monthly repayment
Ksh 158,745
At 17.68% · 180 payments
Total repayment
Ksh 28,574,122
2.86× the borrowed amount
Total interest
Ksh 18,574,121
Ksh 2,836,901 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 148,602 | Ksh 1,756,340 | Ksh 9,851,398 |
| Year 2 | Ksh 325,713 | Ksh 3,484,170 | Ksh 9,674,287 |
| Year 3 | Ksh 536,804 | Ksh 5,178,020 | Ksh 9,463,196 |
| Year 4 | Ksh 788,394 | Ksh 6,831,371 | Ksh 9,211,606 |
| Year 5 | Ksh 1,088,253 | Ksh 8,436,454 | Ksh 8,911,747 |
| Year 6 | Ksh 1,445,640 | Ksh 9,984,008 | Ksh 8,554,360 |
| Year 7 | Ksh 1,871,594 | Ksh 11,462,996 | Ksh 8,128,406 |
| Year 8 | Ksh 2,379,269 | Ksh 12,860,262 | Ksh 7,620,731 |
| Year 9 | Ksh 2,984,343 | Ksh 14,160,129 | Ksh 7,015,657 |
| Year 10 | Ksh 3,705,504 | Ksh 15,343,910 | Ksh 6,294,496 |
| Year 11 | Ksh 4,565,022 | Ksh 16,389,334 | Ksh 5,434,978 |
| Year 12 | Ksh 5,589,442 | Ksh 17,269,855 | Ksh 4,410,558 |
| Year 13 | Ksh 6,810,401 | Ksh 17,953,837 | Ksh 3,189,599 |
| Year 14 | Ksh 8,265,607 | Ksh 18,403,573 | Ksh 1,734,393 |
| Year 15 | Ksh 10,000,000 | Ksh 18,574,121 | 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 15 years would run about Ksh 109,674/month — saving Ksh 8,832,882 in interest. See the Citibank N.A. Kenya version →