Ksh 10,000,000 loan at Standard Chartered Bank Kenya for 3 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 10,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 338,628. Total cost: Ksh 12,190,601 (Ksh 2,190,601 interest).
Monthly repayment
Ksh 338,628
At 13.35% · 36 payments
Total repayment
Ksh 12,190,601
1.22× the borrowed amount
Total interest
Ksh 2,190,601
Ksh 366,626 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 2,901,835 | Ksh 1,161,699 | Ksh 7,098,165 |
| Year 2 | Ksh 6,215,670 | Ksh 1,911,398 | Ksh 3,784,330 |
| Year 3 | Ksh 10,000,000 | Ksh 2,190,601 | 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 3 years would run about Ksh 324,365/month — saving Ksh 513,472 in interest. See the Citibank N.A. Kenya version →