Ksh 1,000,000 loan at Standard Chartered Bank Kenya for 15 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 12,884. Total cost: Ksh 2,319,046 (Ksh 1,319,046 interest).
Monthly repayment
Ksh 12,884
At 13.35% · 180 payments
Total repayment
Ksh 2,319,046
2.32× the borrowed amount
Total interest
Ksh 1,319,046
Ksh 254,676 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 22,443 | Ksh 132,160 | Ksh 977,557 |
| Year 2 | Ksh 48,073 | Ksh 261,133 | Ksh 951,927 |
| Year 3 | Ksh 77,342 | Ksh 386,467 | Ksh 922,658 |
| Year 4 | Ksh 110,766 | Ksh 507,646 | Ksh 889,234 |
| Year 5 | Ksh 148,936 | Ksh 624,079 | Ksh 851,064 |
| Year 6 | Ksh 192,526 | Ksh 735,093 | Ksh 807,474 |
| Year 7 | Ksh 242,304 | Ksh 839,918 | Ksh 757,696 |
| Year 8 | Ksh 299,149 | Ksh 937,675 | Ksh 700,851 |
| Year 9 | Ksh 364,066 | Ksh 1,027,362 | Ksh 635,934 |
| Year 10 | Ksh 438,199 | Ksh 1,107,832 | Ksh 561,801 |
| Year 11 | Ksh 522,857 | Ksh 1,177,776 | Ksh 477,143 |
| Year 12 | Ksh 619,535 | Ksh 1,235,701 | Ksh 380,465 |
| Year 13 | Ksh 729,940 | Ksh 1,279,900 | Ksh 270,060 |
| Year 14 | Ksh 856,020 | Ksh 1,308,423 | Ksh 143,980 |
| Year 15 | Ksh 1,000,000 | Ksh 1,319,046 | 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 15 years would run about Ksh 10,967/month — saving Ksh 344,922 in interest. See the Citibank N.A. Kenya version →