Ksh 10,000,000 loan at Sidian Bank for 3 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 10,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 359,921. Total cost: Ksh 12,957,145 (Ksh 2,957,145 interest).
Monthly repayment
Ksh 359,921
At 17.68% · 36 payments
Total repayment
Ksh 12,957,145
1.30× the borrowed amount
Total interest
Ksh 2,957,145
Ksh 399,918 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 2,768,265 | Ksh 1,550,783 | Ksh 7,231,735 |
| Year 2 | Ksh 6,067,634 | Ksh 2,570,463 | Ksh 3,932,366 |
| Year 3 | Ksh 10,000,000 | Ksh 2,957,145 | 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 3 years would run about Ksh 324,365/month — saving Ksh 1,280,016 in interest. See the Citibank N.A. Kenya version →