Ksh 500,000 loan at Sidian Bank for 1 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 500,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 45,764. Total cost: Ksh 549,167 (Ksh 49,167 interest).
Monthly repayment
Ksh 45,764
At 17.68% · 12 payments
Total repayment
Ksh 549,167
1.10× the borrowed amount
Total interest
Ksh 49,167
Ksh 6,370 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 500,000 | Ksh 49,167 | 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 500,000 loan over 1 years would run about Ksh 44,042/month — saving Ksh 20,666 in interest. See the Citibank N.A. Kenya version →