Ksh 2,000,000 loan at Sidian Bank for 2 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 2,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 99,539. Total cost: Ksh 2,388,942 (Ksh 388,942 interest).
Monthly repayment
Ksh 99,539
At 17.68% · 24 payments
Total repayment
Ksh 2,388,942
1.19× the borrowed amount
Total interest
Ksh 388,942
Ksh 51,536 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 912,469 | Ksh 282,001 | Ksh 1,087,531 |
| Year 2 | Ksh 2,000,000 | Ksh 388,942 | 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 2 years would run about Ksh 92,623/month — saving Ksh 166,001 in interest. See the Citibank N.A. Kenya version →