Ksh 10,000,000 loan at Standard Chartered Bank Kenya for 10 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 151,382. Total cost: Ksh 18,165,864 (Ksh 8,165,865 interest).
Monthly repayment
Ksh 151,382
At 13.35% · 120 payments
Total repayment
Ksh 18,165,864
1.82× the borrowed amount
Total interest
Ksh 8,165,865
Ksh 1,518,939 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 512,174 | Ksh 1,304,412 | Ksh 9,487,826 |
| Year 2 | Ksh 1,097,066 | Ksh 2,536,107 | Ksh 8,902,934 |
| Year 3 | Ksh 1,765,001 | Ksh 3,684,758 | Ksh 8,234,999 |
| Year 4 | Ksh 2,527,768 | Ksh 4,738,577 | Ksh 7,472,232 |
| Year 5 | Ksh 3,398,833 | Ksh 5,684,099 | Ksh 6,601,167 |
| Year 6 | Ksh 4,393,571 | Ksh 6,505,948 | Ksh 5,606,429 |
| Year 7 | Ksh 5,529,540 | Ksh 7,186,565 | Ksh 4,470,460 |
| Year 8 | Ksh 6,826,794 | Ksh 7,705,898 | Ksh 3,173,206 |
| Year 9 | Ksh 8,308,230 | Ksh 8,041,048 | Ksh 1,691,770 |
| Year 10 | Ksh 10,000,000 | Ksh 8,165,865 | 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 10 years would run about Ksh 134,152/month — saving Ksh 2,067,590 in interest. See the Citibank N.A. Kenya version →