Ksh 1,000,000 loan at Standard Chartered Bank Kenya for 25 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 11,543. Total cost: Ksh 3,462,807 (Ksh 2,462,807 interest).
Monthly repayment
Ksh 11,543
At 13.35% · 300 payments
Total repayment
Ksh 3,462,807
3.46× the borrowed amount
Total interest
Ksh 2,462,807
Ksh 482,383 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 5,331 | Ksh 133,182 | Ksh 994,669 |
| Year 2 | Ksh 11,418 | Ksh 265,606 | Ksh 988,582 |
| Year 3 | Ksh 18,370 | Ksh 397,167 | Ksh 981,630 |
| Year 4 | Ksh 26,309 | Ksh 527,741 | Ksh 973,691 |
| Year 5 | Ksh 35,374 | Ksh 657,187 | Ksh 964,626 |
| Year 6 | Ksh 45,727 | Ksh 785,346 | Ksh 954,273 |
| Year 7 | Ksh 57,550 | Ksh 912,035 | Ksh 942,450 |
| Year 8 | Ksh 71,052 | Ksh 1,037,046 | Ksh 928,948 |
| Year 9 | Ksh 86,471 | Ksh 1,160,140 | Ksh 913,530 |
| Year 10 | Ksh 104,078 | Ksh 1,281,044 | Ksh 895,922 |
| Year 11 | Ksh 124,186 | Ksh 1,399,449 | Ksh 875,814 |
| Year 12 | Ksh 147,148 | Ksh 1,514,999 | Ksh 852,852 |
| Year 13 | Ksh 173,371 | Ksh 1,627,289 | Ksh 826,629 |
| Year 14 | Ksh 203,316 | Ksh 1,735,855 | Ksh 796,684 |
| Year 15 | Ksh 237,514 | Ksh 1,840,170 | Ksh 762,486 |
| Year 16 | Ksh 276,566 | Ksh 1,939,630 | Ksh 723,434 |
| Year 17 | Ksh 321,163 | Ksh 2,033,545 | Ksh 678,837 |
| Year 18 | Ksh 372,092 | Ksh 2,121,128 | Ksh 627,908 |
| Year 19 | Ksh 430,252 | Ksh 2,201,481 | Ksh 569,748 |
| Year 20 | Ksh 496,670 | Ksh 2,273,575 | Ksh 503,330 |
| Year 21 | Ksh 572,517 | Ksh 2,336,240 | Ksh 427,483 |
| Year 22 | Ksh 659,133 | Ksh 2,388,136 | Ksh 340,867 |
| Year 23 | Ksh 758,047 | Ksh 2,427,735 | Ksh 241,953 |
| Year 24 | Ksh 871,005 | Ksh 2,453,289 | Ksh 128,995 |
| Year 25 | Ksh 1,000,000 | Ksh 2,462,807 | 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 25 years would run about Ksh 9,342/month — saving Ksh 660,205 in interest. See the Citibank N.A. Kenya version →