Ksh 10,000,000 loan at Stanbic Bank Kenya for 1 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 892,422. Total cost: Ksh 10,709,067 (Ksh 709,067 interest).
Monthly repayment
Ksh 892,422
At 12.84% · 12 payments
Total repayment
Ksh 10,709,067
1.07× the borrowed amount
Total interest
Ksh 709,067
Ksh 146,861 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 10,000,000 | Ksh 709,067 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 139,058 in interest. See the Citibank N.A. Kenya version →