Ksh 500,000 loan at Sidian Bank for 5 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 12,610. Total cost: Ksh 756,590 (Ksh 256,590 interest).
Monthly repayment
Ksh 12,610
At 17.68% · 60 payments
Total repayment
Ksh 756,590
1.51× the borrowed amount
Total interest
Ksh 256,590
Ksh 35,945 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 68,275 | Ksh 83,043 | Ksh 431,725 |
| Year 2 | Ksh 149,650 | Ksh 152,986 | Ksh 350,350 |
| Year 3 | Ksh 246,636 | Ksh 207,318 | Ksh 253,364 |
| Year 4 | Ksh 362,229 | Ksh 243,043 | Ksh 137,771 |
| Year 5 | Ksh 500,000 | Ksh 256,590 | 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 5 years would run about Ksh 10,712/month — saving Ksh 113,852 in interest. See the Citibank N.A. Kenya version →