Ksh 5,000,000 loan at Sidian Bank for 5 years.
At Sidian Bank's current lending rate of 17.68%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 126,098. Total cost: Ksh 7,565,901 (Ksh 2,565,901 interest).
Monthly repayment
Ksh 126,098
At 17.68% · 60 payments
Total repayment
Ksh 7,565,901
1.51× the borrowed amount
Total interest
Ksh 2,565,901
Ksh 359,446 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 682,754 | Ksh 830,427 | Ksh 4,317,246 |
| Year 2 | Ksh 1,496,496 | Ksh 1,529,864 | Ksh 3,503,504 |
| Year 3 | Ksh 2,466,359 | Ksh 2,073,181 | Ksh 2,533,641 |
| Year 4 | Ksh 3,622,294 | Ksh 2,430,427 | Ksh 1,377,706 |
| Year 5 | Ksh 5,000,000 | Ksh 2,565,901 | 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 5 years would run about Ksh 107,123/month — saving Ksh 1,138,517 in interest. See the Citibank N.A. Kenya version →