Ksh 1,000,000 loan at Standard Chartered Bank Kenya for 5 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 22,933. Total cost: Ksh 1,375,958 (Ksh 375,959 interest).
Monthly repayment
Ksh 22,933
At 13.35% · 60 payments
Total repayment
Ksh 1,375,958
1.38× the borrowed amount
Total interest
Ksh 375,959
Ksh 65,332 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 150,691 | Ksh 124,501 | Ksh 849,309 |
| Year 2 | Ksh 322,777 | Ksh 227,606 | Ksh 677,223 |
| Year 3 | Ksh 519,296 | Ksh 306,279 | Ksh 480,704 |
| Year 4 | Ksh 743,717 | Ksh 357,050 | Ksh 256,283 |
| Year 5 | Ksh 1,000,000 | Ksh 375,959 | 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 5 years would run about Ksh 21,425/month — saving Ksh 90,482 in interest. See the Citibank N.A. Kenya version →