Ksh 1,000,000 loan at Stanbic Bank Kenya for 10 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 1,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 14,837. Total cost: Ksh 1,780,422 (Ksh 780,422 interest).
Monthly repayment
Ksh 14,837
At 12.84% · 120 payments
Total repayment
Ksh 1,780,422
1.78× the borrowed amount
Total interest
Ksh 780,422
Ksh 188,058 less 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 52,670 | Ksh 125,372 | Ksh 947,330 |
| Year 2 | Ksh 112,516 | Ksh 243,568 | Ksh 887,484 |
| Year 3 | Ksh 180,515 | Ksh 353,612 | Ksh 819,485 |
| Year 4 | Ksh 257,777 | Ksh 454,391 | Ksh 742,223 |
| Year 5 | Ksh 345,565 | Ksh 544,646 | Ksh 654,435 |
| Year 6 | Ksh 445,313 | Ksh 622,940 | Ksh 554,687 |
| Year 7 | Ksh 558,650 | Ksh 687,646 | Ksh 441,350 |
| Year 8 | Ksh 687,426 | Ksh 736,912 | Ksh 312,574 |
| Year 9 | Ksh 833,746 | Ksh 768,634 | Ksh 166,254 |
| Year 10 | Ksh 1,000,000 | Ksh 780,422 | 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 1,000,000 loan over 10 years would run about Ksh 13,415/month — saving Ksh 170,595 in interest. See the Citibank N.A. Kenya version →