Ksh 10,000,000 loan at Sidian Bank for 20 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 10,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 151,873. Total cost: Ksh 36,449,506 (Ksh 26,449,505 interest).
Monthly repayment
Ksh 151,873
At 17.68% · 240 payments
Total repayment
Ksh 36,449,506
3.64× the borrowed amount
Total interest
Ksh 26,449,505
Ksh 4,063,558 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 59,114 | Ksh 1,763,362 | Ksh 9,940,886 |
| Year 2 | Ksh 129,569 | Ksh 3,515,382 | Ksh 9,870,431 |
| Year 3 | Ksh 213,541 | Ksh 5,253,885 | Ksh 9,786,459 |
| Year 4 | Ksh 313,623 | Ksh 6,976,278 | Ksh 9,686,377 |
| Year 5 | Ksh 432,907 | Ksh 8,679,470 | Ksh 9,567,093 |
| Year 6 | Ksh 575,075 | Ksh 10,359,776 | Ksh 9,424,925 |
| Year 7 | Ksh 744,519 | Ksh 12,012,807 | Ksh 9,255,481 |
| Year 8 | Ksh 946,472 | Ksh 13,633,330 | Ksh 9,053,528 |
| Year 9 | Ksh 1,187,171 | Ksh 15,215,106 | Ksh 8,812,829 |
| Year 10 | Ksh 1,474,048 | Ksh 16,750,704 | Ksh 8,525,952 |
| Year 11 | Ksh 1,815,964 | Ksh 18,231,264 | Ksh 8,184,036 |
| Year 12 | Ksh 2,223,478 | Ksh 19,646,225 | Ksh 7,776,522 |
| Year 13 | Ksh 2,709,175 | Ksh 20,983,003 | Ksh 7,290,825 |
| Year 14 | Ksh 3,288,056 | Ksh 22,226,598 | Ksh 6,711,944 |
| Year 15 | Ksh 3,977,997 | Ksh 23,359,132 | Ksh 6,022,003 |
| Year 16 | Ksh 4,800,306 | Ksh 24,359,298 | Ksh 5,199,694 |
| Year 17 | Ksh 5,780,378 | Ksh 25,201,701 | Ksh 4,219,622 |
| Year 18 | Ksh 6,948,481 | Ksh 25,856,073 | Ksh 3,051,519 |
| Year 19 | Ksh 8,340,690 | Ksh 26,286,340 | Ksh 1,659,310 |
| Year 20 | Ksh 10,000,000 | Ksh 26,449,505 | 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 20 years would run about Ksh 98,899/month — saving Ksh 12,713,662 in interest. See the Citibank N.A. Kenya version →