Ksh 500,000 loan at Sidian Bank for 10 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 8,907. Total cost: Ksh 1,068,781 (Ksh 568,781 interest).
Monthly repayment
Ksh 8,907
At 17.68% · 120 payments
Total repayment
Ksh 1,068,781
2.14× the borrowed amount
Total interest
Ksh 568,781
Ksh 84,541 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 20,051 | Ksh 86,827 | Ksh 479,949 |
| Year 2 | Ksh 43,950 | Ksh 169,806 | Ksh 456,050 |
| Year 3 | Ksh 72,433 | Ksh 248,201 | Ksh 427,567 |
| Year 4 | Ksh 106,382 | Ksh 321,131 | Ksh 393,618 |
| Year 5 | Ksh 146,843 | Ksh 387,548 | Ksh 353,157 |
| Year 6 | Ksh 195,067 | Ksh 446,202 | Ksh 304,933 |
| Year 7 | Ksh 252,542 | Ksh 495,604 | Ksh 247,458 |
| Year 8 | Ksh 321,045 | Ksh 533,980 | Ksh 178,955 |
| Year 9 | Ksh 402,691 | Ksh 559,212 | Ksh 97,309 |
| Year 10 | Ksh 500,000 | Ksh 568,781 | 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 10 years would run about Ksh 6,708/month — saving Ksh 263,867 in interest. See the Citibank N.A. Kenya version →