Ksh 500,000 loan at Stanbic Bank Kenya for 2 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 500,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 23,733. Total cost: Ksh 569,600 (Ksh 69,600 interest).
Monthly repayment
Ksh 23,733
At 12.84% · 24 payments
Total repayment
Ksh 569,600
1.14× the borrowed amount
Total interest
Ksh 69,600
Ksh 14,751 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 234,057 | Ksh 50,743 | Ksh 265,943 |
| Year 2 | Ksh 500,000 | Ksh 69,600 | 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 500,000 loan over 2 years would run about Ksh 23,156/month — saving Ksh 13,865 in interest. See the Citibank N.A. Kenya version →