Ksh 500,000 loan at Sidian Bank for 20 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 500,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 7,594. Total cost: Ksh 1,822,476 (Ksh 1,322,475 interest).
Monthly repayment
Ksh 7,594
At 17.68% · 240 payments
Total repayment
Ksh 1,822,476
3.64× the borrowed amount
Total interest
Ksh 1,322,475
Ksh 203,178 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 2,956 | Ksh 88,168 | Ksh 497,044 |
| Year 2 | Ksh 6,478 | Ksh 175,769 | Ksh 493,522 |
| Year 3 | Ksh 10,677 | Ksh 262,694 | Ksh 489,323 |
| Year 4 | Ksh 15,681 | Ksh 348,814 | Ksh 484,319 |
| Year 5 | Ksh 21,645 | Ksh 433,973 | Ksh 478,355 |
| Year 6 | Ksh 28,754 | Ksh 517,989 | Ksh 471,246 |
| Year 7 | Ksh 37,226 | Ksh 600,640 | Ksh 462,774 |
| Year 8 | Ksh 47,324 | Ksh 681,666 | Ksh 452,676 |
| Year 9 | Ksh 59,359 | Ksh 760,755 | Ksh 440,641 |
| Year 10 | Ksh 73,702 | Ksh 837,535 | Ksh 426,298 |
| Year 11 | Ksh 90,798 | Ksh 911,563 | Ksh 409,202 |
| Year 12 | Ksh 111,174 | Ksh 982,311 | Ksh 388,826 |
| Year 13 | Ksh 135,459 | Ksh 1,049,150 | Ksh 364,541 |
| Year 14 | Ksh 164,403 | Ksh 1,111,330 | Ksh 335,597 |
| Year 15 | Ksh 198,900 | Ksh 1,167,957 | Ksh 301,100 |
| Year 16 | Ksh 240,015 | Ksh 1,217,965 | Ksh 259,985 |
| Year 17 | Ksh 289,019 | Ksh 1,260,085 | Ksh 210,981 |
| Year 18 | Ksh 347,424 | Ksh 1,292,804 | Ksh 152,576 |
| Year 19 | Ksh 417,035 | Ksh 1,314,317 | Ksh 82,966 |
| Year 20 | Ksh 500,000 | Ksh 1,322,475 | 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 20 years would run about Ksh 4,945/month — saving Ksh 635,683 in interest. See the Citibank N.A. Kenya version →