Ksh 500,000 loan at Sidian Bank for 2 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 500,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 24,885. Total cost: Ksh 597,235 (Ksh 97,235 interest).
Monthly repayment
Ksh 24,885
At 17.68% · 24 payments
Total repayment
Ksh 597,235
1.19× the borrowed amount
Total interest
Ksh 97,235
Ksh 12,884 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 228,117 | Ksh 70,500 | Ksh 271,883 |
| Year 2 | Ksh 500,000 | Ksh 97,235 | 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 2 years would run about Ksh 23,156/month — saving Ksh 41,500 in interest. See the Citibank N.A. Kenya version →