Ksh 1,000,000 loan at Stanbic Bank Kenya for 2 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 47,467. Total cost: Ksh 1,139,201 (Ksh 139,201 interest).
Monthly repayment
Ksh 47,467
At 12.84% · 24 payments
Total repayment
Ksh 1,139,201
1.14× the borrowed amount
Total interest
Ksh 139,201
Ksh 29,502 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 468,114 | Ksh 101,487 | Ksh 531,886 |
| Year 2 | Ksh 1,000,000 | Ksh 139,201 | 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 2 years would run about Ksh 46,311/month — saving Ksh 27,731 in interest. See the Citibank N.A. Kenya version →