Ksh 1,000,000 loan at Standard Chartered Bank Kenya for 10 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 1,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 15,138. Total cost: Ksh 1,816,586 (Ksh 816,586 interest).
Monthly repayment
Ksh 15,138
At 13.35% · 120 payments
Total repayment
Ksh 1,816,586
1.82× the borrowed amount
Total interest
Ksh 816,586
Ksh 151,894 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 51,217 | Ksh 130,441 | Ksh 948,783 |
| Year 2 | Ksh 109,707 | Ksh 253,611 | Ksh 890,293 |
| Year 3 | Ksh 176,500 | Ksh 368,476 | Ksh 823,500 |
| Year 4 | Ksh 252,777 | Ksh 473,858 | Ksh 747,223 |
| Year 5 | Ksh 339,883 | Ksh 568,410 | Ksh 660,117 |
| Year 6 | Ksh 439,357 | Ksh 650,595 | Ksh 560,643 |
| Year 7 | Ksh 552,954 | Ksh 718,657 | Ksh 447,046 |
| Year 8 | Ksh 682,679 | Ksh 770,590 | Ksh 317,321 |
| Year 9 | Ksh 830,823 | Ksh 804,105 | Ksh 169,177 |
| Year 10 | Ksh 1,000,000 | Ksh 816,586 | 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 1,000,000 loan over 10 years would run about Ksh 13,415/month — saving Ksh 206,759 in interest. See the Citibank N.A. Kenya version →