Ksh 2,000,000 loan at Stanbic Bank Kenya for 2 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 2,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 94,933. Total cost: Ksh 2,278,402 (Ksh 278,402 interest).
Monthly repayment
Ksh 94,933
At 12.84% · 24 payments
Total repayment
Ksh 2,278,402
1.14× the borrowed amount
Total interest
Ksh 278,402
Ksh 59,004 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 936,228 | Ksh 202,973 | Ksh 1,063,772 |
| Year 2 | Ksh 2,000,000 | Ksh 278,402 | 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 2 years would run about Ksh 92,623/month — saving Ksh 55,461 in interest. See the Citibank N.A. Kenya version →