Ksh 10,000,000 loan at Stanbic Bank Kenya for 3 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 10,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 336,169. Total cost: Ksh 12,102,098 (Ksh 2,102,098 interest).
Monthly repayment
Ksh 336,169
At 12.84% · 36 payments
Total repayment
Ksh 12,102,098
1.21× the borrowed amount
Total interest
Ksh 2,102,098
Ksh 455,129 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 2,917,786 | Ksh 1,116,247 | Ksh 7,082,214 |
| Year 2 | Ksh 6,233,068 | Ksh 1,834,997 | Ksh 3,766,932 |
| Year 3 | Ksh 10,000,000 | Ksh 2,102,098 | 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 3 years would run about Ksh 324,365/month — saving Ksh 424,969 in interest. See the Citibank N.A. Kenya version →