Ksh 10,000,000 loan at Sidian Bank for 25 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 10,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 149,188. Total cost: Ksh 44,756,256 (Ksh 34,756,257 interest).
Monthly repayment
Ksh 149,188
At 17.68% · 300 payments
Total repayment
Ksh 44,756,256
4.48× the borrowed amount
Total interest
Ksh 34,756,257
Ksh 5,304,366 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 24,145 | Ksh 1,766,105 | Ksh 9,975,855 |
| Year 2 | Ksh 52,922 | Ksh 3,527,579 | Ksh 9,947,078 |
| Year 3 | Ksh 87,220 | Ksh 5,283,531 | Ksh 9,912,780 |
| Year 4 | Ksh 128,099 | Ksh 7,032,903 | Ksh 9,871,901 |
| Year 5 | Ksh 176,820 | Ksh 8,774,432 | Ksh 9,823,180 |
| Year 6 | Ksh 234,888 | Ksh 10,506,614 | Ksh 9,765,112 |
| Year 7 | Ksh 304,097 | Ksh 12,227,655 | Ksh 9,695,903 |
| Year 8 | Ksh 386,584 | Ksh 13,935,418 | Ksh 9,613,416 |
| Year 9 | Ksh 484,897 | Ksh 15,627,355 | Ksh 9,515,103 |
| Year 10 | Ksh 602,072 | Ksh 17,300,431 | Ksh 9,397,928 |
| Year 11 | Ksh 741,726 | Ksh 18,951,027 | Ksh 9,258,274 |
| Year 12 | Ksh 908,175 | Ksh 20,574,829 | Ksh 9,091,825 |
| Year 13 | Ksh 1,106,557 | Ksh 22,166,697 | Ksh 8,893,443 |
| Year 14 | Ksh 1,342,999 | Ksh 23,720,505 | Ksh 8,657,001 |
| Year 15 | Ksh 1,624,804 | Ksh 25,228,951 | Ksh 8,375,196 |
| Year 16 | Ksh 1,960,674 | Ksh 26,683,331 | Ksh 8,039,326 |
| Year 17 | Ksh 2,360,982 | Ksh 28,073,273 | Ksh 7,639,018 |
| Year 18 | Ksh 2,838,091 | Ksh 29,386,414 | Ksh 7,161,909 |
| Year 19 | Ksh 3,406,736 | Ksh 30,608,019 | Ksh 6,593,264 |
| Year 20 | Ksh 4,084,477 | Ksh 31,720,528 | Ksh 5,915,523 |
| Year 21 | Ksh 4,892,246 | Ksh 32,703,010 | Ksh 5,107,754 |
| Year 22 | Ksh 5,854,989 | Ksh 33,530,517 | Ksh 4,145,011 |
| Year 23 | Ksh 7,002,438 | Ksh 34,173,319 | Ksh 2,997,562 |
| Year 24 | Ksh 8,370,030 | Ksh 34,595,977 | Ksh 1,629,970 |
| Year 25 | Ksh 10,000,000 | Ksh 34,756,257 | 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 25 years would run about Ksh 93,420/month — saving Ksh 16,730,242 in interest. See the Citibank N.A. Kenya version →