Ksh 2,000,000 loan at Sidian Bank for 5 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 50,439. Total cost: Ksh 3,026,360 (Ksh 1,026,360 interest).
Monthly repayment
Ksh 50,439
At 17.68% · 60 payments
Total repayment
Ksh 3,026,360
1.51× the borrowed amount
Total interest
Ksh 1,026,360
Ksh 143,779 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 273,101 | Ksh 332,171 | Ksh 1,726,899 |
| Year 2 | Ksh 598,599 | Ksh 611,946 | Ksh 1,401,401 |
| Year 3 | Ksh 986,544 | Ksh 829,273 | Ksh 1,013,456 |
| Year 4 | Ksh 1,448,918 | Ksh 972,171 | Ksh 551,082 |
| Year 5 | Ksh 2,000,000 | Ksh 1,026,360 | 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 5 years would run about Ksh 42,849/month — saving Ksh 455,407 in interest. See the Citibank N.A. Kenya version →