Ksh 2,000,000 loan at Sidian Bank for 3 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 71,984. Total cost: Ksh 2,591,429 (Ksh 591,429 interest).
Monthly repayment
Ksh 71,984
At 17.68% · 36 payments
Total repayment
Ksh 2,591,429
1.30× the borrowed amount
Total interest
Ksh 591,429
Ksh 79,984 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 553,653 | Ksh 310,157 | Ksh 1,446,347 |
| Year 2 | Ksh 1,213,527 | Ksh 514,093 | Ksh 786,473 |
| Year 3 | Ksh 2,000,000 | Ksh 591,429 | 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 3 years would run about Ksh 64,873/month — saving Ksh 256,003 in interest. See the Citibank N.A. Kenya version →