Ksh 5,000,000 loan at Sidian Bank for 3 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 179,960. Total cost: Ksh 6,478,573 (Ksh 1,478,573 interest).
Monthly repayment
Ksh 179,960
At 17.68% · 36 payments
Total repayment
Ksh 6,478,573
1.30× the borrowed amount
Total interest
Ksh 1,478,573
Ksh 199,959 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 1,384,133 | Ksh 775,392 | Ksh 3,615,867 |
| Year 2 | Ksh 3,033,817 | Ksh 1,285,232 | Ksh 1,966,183 |
| Year 3 | Ksh 5,000,000 | Ksh 1,478,573 | 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 3 years would run about Ksh 162,182/month — saving Ksh 640,008 in interest. See the Citibank N.A. Kenya version →