Ksh 500,000 loan at Stanbic Bank Kenya for 3 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 16,808. Total cost: Ksh 605,105 (Ksh 105,105 interest).
Monthly repayment
Ksh 16,808
At 12.84% · 36 payments
Total repayment
Ksh 605,105
1.21× the borrowed amount
Total interest
Ksh 105,105
Ksh 22,756 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 145,889 | Ksh 55,812 | Ksh 354,111 |
| Year 2 | Ksh 311,653 | Ksh 91,750 | Ksh 188,347 |
| Year 3 | Ksh 500,000 | Ksh 105,105 | 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 3 years would run about Ksh 16,218/month — saving Ksh 21,248 in interest. See the Citibank N.A. Kenya version →