Ksh 1,000,000 loan at Stanbic Bank Kenya for 15 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 12,547. Total cost: Ksh 2,258,519 (Ksh 1,258,519 interest).
Monthly repayment
Ksh 12,547
At 12.84% · 180 payments
Total repayment
Ksh 2,258,519
2.26× the borrowed amount
Total interest
Ksh 1,258,519
Ksh 315,203 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 23,520 | Ksh 127,048 | Ksh 976,480 |
| Year 2 | Ksh 50,245 | Ksh 250,891 | Ksh 949,755 |
| Year 3 | Ksh 80,610 | Ksh 371,094 | Ksh 919,390 |
| Year 4 | Ksh 115,111 | Ksh 487,160 | Ksh 884,889 |
| Year 5 | Ksh 154,313 | Ksh 598,526 | Ksh 845,687 |
| Year 6 | Ksh 198,856 | Ksh 704,551 | Ksh 801,144 |
| Year 7 | Ksh 249,467 | Ksh 804,508 | Ksh 750,533 |
| Year 8 | Ksh 306,973 | Ksh 897,571 | Ksh 693,027 |
| Year 9 | Ksh 372,312 | Ksh 982,799 | Ksh 627,688 |
| Year 10 | Ksh 446,553 | Ksh 1,059,126 | Ksh 553,447 |
| Year 11 | Ksh 530,909 | Ksh 1,125,338 | Ksh 469,091 |
| Year 12 | Ksh 626,756 | Ksh 1,180,059 | Ksh 373,244 |
| Year 13 | Ksh 735,661 | Ksh 1,221,722 | Ksh 264,340 |
| Year 14 | Ksh 859,401 | Ksh 1,248,549 | Ksh 140,599 |
| Year 15 | Ksh 1,000,000 | Ksh 1,258,519 | 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 15 years would run about Ksh 10,967/month — saving Ksh 284,395 in interest. See the Citibank N.A. Kenya version →