Ksh 2,000,000 loan at Sidian Bank for 20 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 2,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 30,375. Total cost: Ksh 7,289,902 (Ksh 5,289,901 interest).
Monthly repayment
Ksh 30,375
At 17.68% · 240 payments
Total repayment
Ksh 7,289,902
3.64× the borrowed amount
Total interest
Ksh 5,289,901
Ksh 812,712 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 11,823 | Ksh 352,672 | Ksh 1,988,177 |
| Year 2 | Ksh 25,914 | Ksh 703,076 | Ksh 1,974,086 |
| Year 3 | Ksh 42,708 | Ksh 1,050,777 | Ksh 1,957,292 |
| Year 4 | Ksh 62,725 | Ksh 1,395,256 | Ksh 1,937,275 |
| Year 5 | Ksh 86,581 | Ksh 1,735,894 | Ksh 1,913,419 |
| Year 6 | Ksh 115,015 | Ksh 2,071,955 | Ksh 1,884,985 |
| Year 7 | Ksh 148,904 | Ksh 2,402,561 | Ksh 1,851,096 |
| Year 8 | Ksh 189,294 | Ksh 2,726,666 | Ksh 1,810,706 |
| Year 9 | Ksh 237,434 | Ksh 3,043,021 | Ksh 1,762,566 |
| Year 10 | Ksh 294,810 | Ksh 3,350,141 | Ksh 1,705,190 |
| Year 11 | Ksh 363,193 | Ksh 3,646,253 | Ksh 1,636,807 |
| Year 12 | Ksh 444,696 | Ksh 3,929,245 | Ksh 1,555,304 |
| Year 13 | Ksh 541,835 | Ksh 4,196,601 | Ksh 1,458,165 |
| Year 14 | Ksh 657,611 | Ksh 4,445,320 | Ksh 1,342,389 |
| Year 15 | Ksh 795,599 | Ksh 4,671,826 | Ksh 1,204,401 |
| Year 16 | Ksh 960,061 | Ksh 4,871,860 | Ksh 1,039,939 |
| Year 17 | Ksh 1,156,076 | Ksh 5,040,340 | Ksh 843,924 |
| Year 18 | Ksh 1,389,696 | Ksh 5,171,215 | Ksh 610,304 |
| Year 19 | Ksh 1,668,138 | Ksh 5,257,268 | Ksh 331,862 |
| Year 20 | Ksh 2,000,000 | Ksh 5,289,901 | 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 20 years would run about Ksh 19,780/month — saving Ksh 2,542,732 in interest. See the Citibank N.A. Kenya version →