Ksh 5,000,000 loan at Stanbic Bank Kenya for 5 years.
At Stanbic Bank Kenya's current lending rate of 12.84%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 113,356. Total cost: Ksh 6,801,376 (Ksh 1,801,375 interest).
Monthly repayment
Ksh 113,356
At 12.84% · 60 payments
Total repayment
Ksh 6,801,376
1.36× the borrowed amount
Total interest
Ksh 1,801,375
Ksh 405,079 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 762,090 | Ksh 598,185 | Ksh 4,237,910 |
| Year 2 | Ksh 1,628,002 | Ksh 1,092,548 | Ksh 3,371,998 |
| Year 3 | Ksh 2,611,879 | Ksh 1,468,947 | Ksh 2,388,122 |
| Year 4 | Ksh 3,729,791 | Ksh 1,711,309 | Ksh 1,270,209 |
| Year 5 | Ksh 5,000,000 | Ksh 1,801,375 | 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 5,000,000 loan over 5 years would run about Ksh 107,123/month — saving Ksh 373,992 in interest. See the Citibank N.A. Kenya version →