Ksh 5,000,000 loan at Sidian Bank for 25 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 5,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 74,594. Total cost: Ksh 22,378,128 (Ksh 17,378,129 interest).
Monthly repayment
Ksh 74,594
At 17.68% · 300 payments
Total repayment
Ksh 22,378,128
4.48× the borrowed amount
Total interest
Ksh 17,378,129
Ksh 2,652,183 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 12,072 | Ksh 883,053 | Ksh 4,987,928 |
| Year 2 | Ksh 26,461 | Ksh 1,763,789 | Ksh 4,973,539 |
| Year 3 | Ksh 43,610 | Ksh 2,641,765 | Ksh 4,956,390 |
| Year 4 | Ksh 64,049 | Ksh 3,516,451 | Ksh 4,935,951 |
| Year 5 | Ksh 88,410 | Ksh 4,387,216 | Ksh 4,911,590 |
| Year 6 | Ksh 117,444 | Ksh 5,253,307 | Ksh 4,882,556 |
| Year 7 | Ksh 152,049 | Ksh 6,113,827 | Ksh 4,847,951 |
| Year 8 | Ksh 193,292 | Ksh 6,967,709 | Ksh 4,806,708 |
| Year 9 | Ksh 242,449 | Ksh 7,813,678 | Ksh 4,757,551 |
| Year 10 | Ksh 301,036 | Ksh 8,650,216 | Ksh 4,698,964 |
| Year 11 | Ksh 370,863 | Ksh 9,475,513 | Ksh 4,629,137 |
| Year 12 | Ksh 454,087 | Ksh 10,287,414 | Ksh 4,545,913 |
| Year 13 | Ksh 553,278 | Ksh 11,083,349 | Ksh 4,446,722 |
| Year 14 | Ksh 671,499 | Ksh 11,860,253 | Ksh 4,328,501 |
| Year 15 | Ksh 812,402 | Ksh 12,614,475 | Ksh 4,187,598 |
| Year 16 | Ksh 980,337 | Ksh 13,341,665 | Ksh 4,019,663 |
| Year 17 | Ksh 1,180,491 | Ksh 14,036,636 | Ksh 3,819,509 |
| Year 18 | Ksh 1,419,046 | Ksh 14,693,207 | Ksh 3,580,954 |
| Year 19 | Ksh 1,703,368 | Ksh 15,304,010 | Ksh 3,296,632 |
| Year 20 | Ksh 2,042,239 | Ksh 15,860,264 | Ksh 2,957,761 |
| Year 21 | Ksh 2,446,123 | Ksh 16,351,505 | Ksh 2,553,877 |
| Year 22 | Ksh 2,927,495 | Ksh 16,765,259 | Ksh 2,072,505 |
| Year 23 | Ksh 3,501,219 | Ksh 17,086,659 | Ksh 1,498,781 |
| Year 24 | Ksh 4,185,015 | Ksh 17,297,989 | Ksh 814,985 |
| Year 25 | Ksh 5,000,000 | Ksh 17,378,129 | 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 25 years would run about Ksh 46,710/month — saving Ksh 8,365,121 in interest. See the Citibank N.A. Kenya version →