Ksh 5,000,000 loan at Sidian Bank for 2 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 248,848. Total cost: Ksh 5,972,355 (Ksh 972,355 interest).
Monthly repayment
Ksh 248,848
At 17.68% · 24 payments
Total repayment
Ksh 5,972,355
1.19× the borrowed amount
Total interest
Ksh 972,355
Ksh 128,840 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 2,281,174 | Ksh 705,004 | Ksh 2,718,826 |
| Year 2 | Ksh 5,000,000 | Ksh 972,355 | 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 2 years would run about Ksh 231,556/month — saving Ksh 415,003 in interest. See the Citibank N.A. Kenya version →