Ksh 5,000,000 loan at Sidian Bank for 10 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 89,065. Total cost: Ksh 10,687,811 (Ksh 5,687,811 interest).
Monthly repayment
Ksh 89,065
At 17.68% · 120 payments
Total repayment
Ksh 10,687,811
2.14× the borrowed amount
Total interest
Ksh 5,687,811
Ksh 845,409 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 200,515 | Ksh 868,266 | Ksh 4,799,485 |
| Year 2 | Ksh 439,499 | Ksh 1,698,063 | Ksh 4,560,501 |
| Year 3 | Ksh 724,334 | Ksh 2,482,009 | Ksh 4,275,666 |
| Year 4 | Ksh 1,063,815 | Ksh 3,211,309 | Ksh 3,936,185 |
| Year 5 | Ksh 1,468,428 | Ksh 3,875,478 | Ksh 3,531,572 |
| Year 6 | Ksh 1,950,666 | Ksh 4,462,020 | Ksh 3,049,334 |
| Year 7 | Ksh 2,525,425 | Ksh 4,956,043 | Ksh 2,474,575 |
| Year 8 | Ksh 3,210,453 | Ksh 5,339,796 | Ksh 1,789,547 |
| Year 9 | Ksh 4,026,906 | Ksh 5,592,124 | Ksh 973,094 |
| Year 10 | Ksh 5,000,000 | Ksh 5,687,811 | 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 10 years would run about Ksh 67,076/month — saving Ksh 2,638,674 in interest. See the Citibank N.A. Kenya version →