Ksh 2,000,000 loan at Sidian Bank for 10 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 2,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 35,626. Total cost: Ksh 4,275,125 (Ksh 2,275,124 interest).
Monthly repayment
Ksh 35,626
At 17.68% · 120 payments
Total repayment
Ksh 4,275,125
2.14× the borrowed amount
Total interest
Ksh 2,275,124
Ksh 338,164 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 80,206 | Ksh 347,307 | Ksh 1,919,794 |
| Year 2 | Ksh 175,800 | Ksh 679,225 | Ksh 1,824,200 |
| Year 3 | Ksh 289,734 | Ksh 992,804 | Ksh 1,710,266 |
| Year 4 | Ksh 425,526 | Ksh 1,284,524 | Ksh 1,574,474 |
| Year 5 | Ksh 587,371 | Ksh 1,550,191 | Ksh 1,412,629 |
| Year 6 | Ksh 780,267 | Ksh 1,784,808 | Ksh 1,219,733 |
| Year 7 | Ksh 1,010,170 | Ksh 1,982,417 | Ksh 989,830 |
| Year 8 | Ksh 1,284,181 | Ksh 2,135,918 | Ksh 715,819 |
| Year 9 | Ksh 1,610,763 | Ksh 2,236,849 | Ksh 389,237 |
| Year 10 | Ksh 2,000,000 | Ksh 2,275,124 | 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 2,000,000 loan over 10 years would run about Ksh 26,830/month — saving Ksh 1,055,469 in interest. See the Citibank N.A. Kenya version →