Ksh 5,000,000 loan at Sidian Bank for 1 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 5,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 457,639. Total cost: Ksh 5,491,666 (Ksh 491,666 interest).
Monthly repayment
Ksh 457,639
At 17.68% · 12 payments
Total repayment
Ksh 5,491,666
1.10× the borrowed amount
Total interest
Ksh 491,666
Ksh 63,702 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 5,000,000 | Ksh 491,666 | 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 5,000,000 loan over 1 years would run about Ksh 440,417/month — saving Ksh 206,662 in interest. See the Citibank N.A. Kenya version →