Ksh 500,000 loan at Sidian Bank for 3 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 17,996. Total cost: Ksh 647,857 (Ksh 147,857 interest).
Monthly repayment
Ksh 17,996
At 17.68% · 36 payments
Total repayment
Ksh 647,857
1.30× the borrowed amount
Total interest
Ksh 147,857
Ksh 19,996 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 138,413 | Ksh 77,539 | Ksh 361,587 |
| Year 2 | Ksh 303,382 | Ksh 128,523 | Ksh 196,618 |
| Year 3 | Ksh 500,000 | Ksh 147,857 | 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 3 years would run about Ksh 16,218/month — saving Ksh 64,001 in interest. See the Citibank N.A. Kenya version →