Ksh 2,000,000 loan at Stanbic Bank Kenya for 1 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 2,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 178,484. Total cost: Ksh 2,141,813 (Ksh 141,813 interest).
Monthly repayment
Ksh 178,484
At 12.84% · 12 payments
Total repayment
Ksh 2,141,813
1.07× the borrowed amount
Total interest
Ksh 141,813
Ksh 29,372 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 2,000,000 | Ksh 141,813 | 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 2,000,000 loan over 1 years would run about Ksh 176,167/month — saving Ksh 27,812 in interest. See the Citibank N.A. Kenya version →