Ksh 5,000,000 loan at Sidian Bank for 20 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 5,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 75,936. Total cost: Ksh 18,224,753 (Ksh 13,224,752 interest).
Monthly repayment
Ksh 75,936
At 17.68% · 240 payments
Total repayment
Ksh 18,224,753
3.64× the borrowed amount
Total interest
Ksh 13,224,752
Ksh 2,031,779 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 29,557 | Ksh 881,681 | Ksh 4,970,443 |
| Year 2 | Ksh 64,784 | Ksh 1,757,691 | Ksh 4,935,216 |
| Year 3 | Ksh 106,770 | Ksh 2,626,943 | Ksh 4,893,230 |
| Year 4 | Ksh 156,811 | Ksh 3,488,139 | Ksh 4,843,189 |
| Year 5 | Ksh 216,453 | Ksh 4,339,735 | Ksh 4,783,547 |
| Year 6 | Ksh 287,538 | Ksh 5,179,888 | Ksh 4,712,462 |
| Year 7 | Ksh 372,260 | Ksh 6,006,404 | Ksh 4,627,740 |
| Year 8 | Ksh 473,236 | Ksh 6,816,665 | Ksh 4,526,764 |
| Year 9 | Ksh 593,585 | Ksh 7,607,553 | Ksh 4,406,415 |
| Year 10 | Ksh 737,024 | Ksh 8,375,352 | Ksh 4,262,976 |
| Year 11 | Ksh 907,982 | Ksh 9,115,632 | Ksh 4,092,018 |
| Year 12 | Ksh 1,111,739 | Ksh 9,823,112 | Ksh 3,888,261 |
| Year 13 | Ksh 1,354,588 | Ksh 10,491,501 | Ksh 3,645,412 |
| Year 14 | Ksh 1,644,028 | Ksh 11,113,299 | Ksh 3,355,972 |
| Year 15 | Ksh 1,988,998 | Ksh 11,679,566 | Ksh 3,011,002 |
| Year 16 | Ksh 2,400,153 | Ksh 12,179,649 | Ksh 2,599,847 |
| Year 17 | Ksh 2,890,189 | Ksh 12,600,851 | Ksh 2,109,811 |
| Year 18 | Ksh 3,474,241 | Ksh 12,928,037 | Ksh 1,525,759 |
| Year 19 | Ksh 4,170,345 | Ksh 13,143,170 | Ksh 829,655 |
| Year 20 | Ksh 5,000,000 | Ksh 13,224,752 | 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 20 years would run about Ksh 49,450/month — saving Ksh 6,356,831 in interest. See the Citibank N.A. Kenya version →