Ksh 500,000 loan at Sidian Bank for 25 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 500,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 7,459. Total cost: Ksh 2,237,814 (Ksh 1,737,813 interest).
Monthly repayment
Ksh 7,459
At 17.68% · 300 payments
Total repayment
Ksh 2,237,814
4.48× the borrowed amount
Total interest
Ksh 1,737,813
Ksh 265,218 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 1,207 | Ksh 88,305 | Ksh 498,793 |
| Year 2 | Ksh 2,646 | Ksh 176,379 | Ksh 497,354 |
| Year 3 | Ksh 4,361 | Ksh 264,177 | Ksh 495,639 |
| Year 4 | Ksh 6,405 | Ksh 351,645 | Ksh 493,595 |
| Year 5 | Ksh 8,841 | Ksh 438,722 | Ksh 491,159 |
| Year 6 | Ksh 11,744 | Ksh 525,331 | Ksh 488,256 |
| Year 7 | Ksh 15,205 | Ksh 611,383 | Ksh 484,795 |
| Year 8 | Ksh 19,329 | Ksh 696,771 | Ksh 480,671 |
| Year 9 | Ksh 24,245 | Ksh 781,368 | Ksh 475,755 |
| Year 10 | Ksh 30,104 | Ksh 865,022 | Ksh 469,896 |
| Year 11 | Ksh 37,086 | Ksh 947,551 | Ksh 462,914 |
| Year 12 | Ksh 45,409 | Ksh 1,028,741 | Ksh 454,591 |
| Year 13 | Ksh 55,328 | Ksh 1,108,335 | Ksh 444,672 |
| Year 14 | Ksh 67,150 | Ksh 1,186,025 | Ksh 432,850 |
| Year 15 | Ksh 81,240 | Ksh 1,261,448 | Ksh 418,760 |
| Year 16 | Ksh 98,034 | Ksh 1,334,167 | Ksh 401,966 |
| Year 17 | Ksh 118,049 | Ksh 1,403,664 | Ksh 381,951 |
| Year 18 | Ksh 141,905 | Ksh 1,469,321 | Ksh 358,095 |
| Year 19 | Ksh 170,337 | Ksh 1,530,401 | Ksh 329,663 |
| Year 20 | Ksh 204,224 | Ksh 1,586,026 | Ksh 295,776 |
| Year 21 | Ksh 244,612 | Ksh 1,635,150 | Ksh 255,388 |
| Year 22 | Ksh 292,749 | Ksh 1,676,526 | Ksh 207,251 |
| Year 23 | Ksh 350,122 | Ksh 1,708,666 | Ksh 149,878 |
| Year 24 | Ksh 418,502 | Ksh 1,729,799 | Ksh 81,499 |
| Year 25 | Ksh 500,000 | Ksh 1,737,813 | 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 25 years would run about Ksh 4,671/month — saving Ksh 836,512 in interest. See the Citibank N.A. Kenya version →