Ksh 1,000,000 loan at Stanbic Bank Kenya for 3 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 1,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 33,617. Total cost: Ksh 1,210,210 (Ksh 210,210 interest).
Monthly repayment
Ksh 33,617
At 12.84% · 36 payments
Total repayment
Ksh 1,210,210
1.21× the borrowed amount
Total interest
Ksh 210,210
Ksh 45,513 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 291,779 | Ksh 111,625 | Ksh 708,221 |
| Year 2 | Ksh 623,307 | Ksh 183,500 | Ksh 376,693 |
| Year 3 | Ksh 1,000,000 | Ksh 210,210 | 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 3 years would run about Ksh 32,436/month — saving Ksh 42,497 in interest. See the Citibank N.A. Kenya version →