Ksh 500,000 loan at Stanbic Bank Kenya for 5 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 11,336. Total cost: Ksh 680,138 (Ksh 180,138 interest).
Monthly repayment
Ksh 11,336
At 12.84% · 60 payments
Total repayment
Ksh 680,138
1.36× the borrowed amount
Total interest
Ksh 180,138
Ksh 40,508 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 76,209 | Ksh 59,818 | Ksh 423,791 |
| Year 2 | Ksh 162,800 | Ksh 109,255 | Ksh 337,200 |
| Year 3 | Ksh 261,188 | Ksh 146,895 | Ksh 238,812 |
| Year 4 | Ksh 372,979 | Ksh 171,131 | Ksh 127,021 |
| Year 5 | Ksh 500,000 | Ksh 180,138 | 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 5 years would run about Ksh 10,712/month — saving Ksh 37,399 in interest. See the Citibank N.A. Kenya version →