Ksh 1,000,000 loan at Stanbic Bank Kenya for 5 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 22,671. Total cost: Ksh 1,360,275 (Ksh 360,275 interest).
Monthly repayment
Ksh 22,671
At 12.84% · 60 payments
Total repayment
Ksh 1,360,275
1.36× the borrowed amount
Total interest
Ksh 360,275
Ksh 81,016 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 152,418 | Ksh 119,637 | Ksh 847,582 |
| Year 2 | Ksh 325,600 | Ksh 218,510 | Ksh 674,400 |
| Year 3 | Ksh 522,376 | Ksh 293,789 | Ksh 477,624 |
| Year 4 | Ksh 745,958 | Ksh 342,262 | Ksh 254,042 |
| Year 5 | Ksh 1,000,000 | Ksh 360,275 | 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 5 years would run about Ksh 21,425/month — saving Ksh 74,798 in interest. See the Citibank N.A. Kenya version →