Ksh 5,000,000 loan at Sidian Bank for 15 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 79,373. Total cost: Ksh 14,287,061 (Ksh 9,287,061 interest).
Monthly repayment
Ksh 79,373
At 17.68% · 180 payments
Total repayment
Ksh 14,287,061
2.86× the borrowed amount
Total interest
Ksh 9,287,061
Ksh 1,418,451 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 74,301 | Ksh 878,170 | Ksh 4,925,699 |
| Year 2 | Ksh 162,857 | Ksh 1,742,085 | Ksh 4,837,143 |
| Year 3 | Ksh 268,402 | Ksh 2,589,010 | Ksh 4,731,598 |
| Year 4 | Ksh 394,197 | Ksh 3,415,686 | Ksh 4,605,803 |
| Year 5 | Ksh 544,126 | Ksh 4,218,227 | Ksh 4,455,874 |
| Year 6 | Ksh 722,820 | Ksh 4,992,004 | Ksh 4,277,180 |
| Year 7 | Ksh 935,797 | Ksh 5,731,498 | Ksh 4,064,203 |
| Year 8 | Ksh 1,189,634 | Ksh 6,430,131 | Ksh 3,810,366 |
| Year 9 | Ksh 1,492,172 | Ksh 7,080,065 | Ksh 3,507,828 |
| Year 10 | Ksh 1,852,752 | Ksh 7,671,955 | Ksh 3,147,248 |
| Year 11 | Ksh 2,282,511 | Ksh 8,194,667 | Ksh 2,717,489 |
| Year 12 | Ksh 2,794,721 | Ksh 8,634,927 | Ksh 2,205,279 |
| Year 13 | Ksh 3,405,201 | Ksh 8,976,918 | Ksh 1,594,799 |
| Year 14 | Ksh 4,132,804 | Ksh 9,201,786 | Ksh 867,196 |
| Year 15 | Ksh 5,000,000 | Ksh 9,287,061 | 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 15 years would run about Ksh 54,837/month — saving Ksh 4,416,441 in interest. See the Citibank N.A. Kenya version →