Ksh 10,000,000 loan at Sidian Bank for 5 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 252,197. Total cost: Ksh 15,131,802 (Ksh 5,131,802 interest).
Monthly repayment
Ksh 252,197
At 17.68% · 60 payments
Total repayment
Ksh 15,131,802
1.51× the borrowed amount
Total interest
Ksh 5,131,802
Ksh 718,893 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 1,365,507 | Ksh 1,660,853 | Ksh 8,634,493 |
| Year 2 | Ksh 2,992,993 | Ksh 3,059,728 | Ksh 7,007,007 |
| Year 3 | Ksh 4,932,718 | Ksh 4,146,363 | Ksh 5,067,282 |
| Year 4 | Ksh 7,244,588 | Ksh 4,860,853 | Ksh 2,755,412 |
| Year 5 | Ksh 10,000,000 | Ksh 5,131,802 | 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 5 years would run about Ksh 214,246/month — saving Ksh 2,277,034 in interest. See the Citibank N.A. Kenya version →