Ksh 2,000,000 loan at Sidian Bank for 15 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 2,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 31,749. Total cost: Ksh 5,714,824 (Ksh 3,714,824 interest).
Monthly repayment
Ksh 31,749
At 17.68% · 180 payments
Total repayment
Ksh 5,714,824
2.86× the borrowed amount
Total interest
Ksh 3,714,824
Ksh 567,380 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 29,720 | Ksh 351,268 | Ksh 1,970,280 |
| Year 2 | Ksh 65,143 | Ksh 696,834 | Ksh 1,934,857 |
| Year 3 | Ksh 107,361 | Ksh 1,035,604 | Ksh 1,892,639 |
| Year 4 | Ksh 157,679 | Ksh 1,366,274 | Ksh 1,842,321 |
| Year 5 | Ksh 217,651 | Ksh 1,687,291 | Ksh 1,782,349 |
| Year 6 | Ksh 289,128 | Ksh 1,996,802 | Ksh 1,710,872 |
| Year 7 | Ksh 374,319 | Ksh 2,292,599 | Ksh 1,625,681 |
| Year 8 | Ksh 475,854 | Ksh 2,572,052 | Ksh 1,524,146 |
| Year 9 | Ksh 596,869 | Ksh 2,832,026 | Ksh 1,403,131 |
| Year 10 | Ksh 741,101 | Ksh 3,068,782 | Ksh 1,258,899 |
| Year 11 | Ksh 913,004 | Ksh 3,277,867 | Ksh 1,086,996 |
| Year 12 | Ksh 1,117,888 | Ksh 3,453,971 | Ksh 882,112 |
| Year 13 | Ksh 1,362,080 | Ksh 3,590,767 | Ksh 637,920 |
| Year 14 | Ksh 1,653,121 | Ksh 3,680,715 | Ksh 346,879 |
| Year 15 | Ksh 2,000,000 | Ksh 3,714,824 | 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 15 years would run about Ksh 21,935/month — saving Ksh 1,766,576 in interest. See the Citibank N.A. Kenya version →