Ksh 2,000,000 loan at Sidian Bank for 25 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 2,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 29,838. Total cost: Ksh 8,951,250 (Ksh 6,951,251 interest).
Monthly repayment
Ksh 29,838
At 17.68% · 300 payments
Total repayment
Ksh 8,951,250
4.48× the borrowed amount
Total interest
Ksh 6,951,251
Ksh 1,060,873 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 4,829 | Ksh 353,221 | Ksh 1,995,171 |
| Year 2 | Ksh 10,584 | Ksh 705,516 | Ksh 1,989,416 |
| Year 3 | Ksh 17,444 | Ksh 1,056,706 | Ksh 1,982,556 |
| Year 4 | Ksh 25,620 | Ksh 1,406,581 | Ksh 1,974,380 |
| Year 5 | Ksh 35,364 | Ksh 1,754,886 | Ksh 1,964,636 |
| Year 6 | Ksh 46,978 | Ksh 2,101,323 | Ksh 1,953,022 |
| Year 7 | Ksh 60,819 | Ksh 2,445,531 | Ksh 1,939,181 |
| Year 8 | Ksh 77,317 | Ksh 2,787,084 | Ksh 1,922,683 |
| Year 9 | Ksh 96,979 | Ksh 3,125,471 | Ksh 1,903,021 |
| Year 10 | Ksh 120,414 | Ksh 3,460,086 | Ksh 1,879,586 |
| Year 11 | Ksh 148,345 | Ksh 3,790,205 | Ksh 1,851,655 |
| Year 12 | Ksh 181,635 | Ksh 4,114,966 | Ksh 1,818,365 |
| Year 13 | Ksh 221,311 | Ksh 4,433,339 | Ksh 1,778,689 |
| Year 14 | Ksh 268,600 | Ksh 4,744,101 | Ksh 1,731,400 |
| Year 15 | Ksh 324,961 | Ksh 5,045,790 | Ksh 1,675,039 |
| Year 16 | Ksh 392,135 | Ksh 5,336,666 | Ksh 1,607,865 |
| Year 17 | Ksh 472,196 | Ksh 5,614,655 | Ksh 1,527,804 |
| Year 18 | Ksh 567,618 | Ksh 5,877,283 | Ksh 1,432,382 |
| Year 19 | Ksh 681,347 | Ksh 6,121,604 | Ksh 1,318,653 |
| Year 20 | Ksh 816,895 | Ksh 6,344,106 | Ksh 1,183,105 |
| Year 21 | Ksh 978,449 | Ksh 6,540,602 | Ksh 1,021,551 |
| Year 22 | Ksh 1,170,998 | Ksh 6,706,103 | Ksh 829,002 |
| Year 23 | Ksh 1,400,488 | Ksh 6,834,664 | Ksh 599,512 |
| Year 24 | Ksh 1,674,006 | Ksh 6,919,195 | Ksh 325,994 |
| Year 25 | Ksh 2,000,000 | Ksh 6,951,251 | 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 25 years would run about Ksh 18,684/month — saving Ksh 3,346,048 in interest. See the Citibank N.A. Kenya version →