Ksh 500,000 loan at Sidian Bank for 15 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 500,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 7,937. Total cost: Ksh 1,428,707 (Ksh 928,706 interest).
Monthly repayment
Ksh 7,937
At 17.68% · 180 payments
Total repayment
Ksh 1,428,707
2.86× the borrowed amount
Total interest
Ksh 928,706
Ksh 141,845 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 7,430 | Ksh 87,817 | Ksh 492,570 |
| Year 2 | Ksh 16,286 | Ksh 174,208 | Ksh 483,714 |
| Year 3 | Ksh 26,840 | Ksh 258,901 | Ksh 473,160 |
| Year 4 | Ksh 39,420 | Ksh 341,569 | Ksh 460,580 |
| Year 5 | Ksh 54,413 | Ksh 421,823 | Ksh 445,587 |
| Year 6 | Ksh 72,282 | Ksh 499,200 | Ksh 427,718 |
| Year 7 | Ksh 93,580 | Ksh 573,150 | Ksh 406,420 |
| Year 8 | Ksh 118,963 | Ksh 643,013 | Ksh 381,037 |
| Year 9 | Ksh 149,217 | Ksh 708,006 | Ksh 350,783 |
| Year 10 | Ksh 185,275 | Ksh 767,196 | Ksh 314,725 |
| Year 11 | Ksh 228,251 | Ksh 819,467 | Ksh 271,749 |
| Year 12 | Ksh 279,472 | Ksh 863,493 | Ksh 220,528 |
| Year 13 | Ksh 340,520 | Ksh 897,692 | Ksh 159,480 |
| Year 14 | Ksh 413,280 | Ksh 920,179 | Ksh 86,720 |
| Year 15 | Ksh 500,000 | Ksh 928,706 | 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 15 years would run about Ksh 5,484/month — saving Ksh 441,644 in interest. See the Citibank N.A. Kenya version →