Ksh 10,000,000 loan at Standard Chartered Bank Kenya for 1 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 894,816. Total cost: Ksh 10,737,788 (Ksh 737,788 interest).
Monthly repayment
Ksh 894,816
At 13.35% · 12 payments
Total repayment
Ksh 10,737,788
1.07× the borrowed amount
Total interest
Ksh 737,788
Ksh 118,140 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 10,000,000 | Ksh 737,788 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 167,779 in interest. See the Citibank N.A. Kenya version →