Ksh 10,000,000 loan at Standard Chartered Bank Kenya for 15 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 128,836. Total cost: Ksh 23,190,458 (Ksh 13,190,458 interest).
Monthly repayment
Ksh 128,836
At 13.35% · 180 payments
Total repayment
Ksh 23,190,458
2.32× the borrowed amount
Total interest
Ksh 13,190,458
Ksh 2,546,761 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 224,434 | Ksh 1,321,597 | Ksh 9,775,566 |
| Year 2 | Ksh 480,733 | Ksh 2,611,328 | Ksh 9,519,267 |
| Year 3 | Ksh 773,421 | Ksh 3,864,671 | Ksh 9,226,579 |
| Year 4 | Ksh 1,107,665 | Ksh 5,076,457 | Ksh 8,892,335 |
| Year 5 | Ksh 1,489,364 | Ksh 6,240,789 | Ksh 8,510,636 |
| Year 6 | Ksh 1,925,257 | Ksh 7,350,926 | Ksh 8,074,743 |
| Year 7 | Ksh 2,423,037 | Ksh 8,399,177 | Ksh 7,576,963 |
| Year 8 | Ksh 2,991,492 | Ksh 9,376,752 | Ksh 7,008,508 |
| Year 9 | Ksh 3,640,656 | Ksh 10,273,619 | Ksh 6,359,344 |
| Year 10 | Ksh 4,381,987 | Ksh 11,078,318 | Ksh 5,618,013 |
| Year 11 | Ksh 5,228,572 | Ksh 11,777,764 | Ksh 4,771,428 |
| Year 12 | Ksh 6,195,354 | Ksh 12,357,012 | Ksh 3,804,646 |
| Year 13 | Ksh 7,299,400 | Ksh 12,798,998 | Ksh 2,700,600 |
| Year 14 | Ksh 8,560,196 | Ksh 13,084,231 | Ksh 1,439,804 |
| Year 15 | Ksh 10,000,000 | Ksh 13,190,458 | 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 15 years would run about Ksh 109,674/month — saving Ksh 3,449,219 in interest. See the Citibank N.A. Kenya version →