Ksh 10,000,000 loan at Standard Chartered Bank Kenya for 5 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 229,326. Total cost: Ksh 13,759,585 (Ksh 3,759,585 interest).
Monthly repayment
Ksh 229,326
At 13.35% · 60 payments
Total repayment
Ksh 13,759,585
1.38× the borrowed amount
Total interest
Ksh 3,759,585
Ksh 653,323 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 1,506,912 | Ksh 1,245,005 | Ksh 8,493,088 |
| Year 2 | Ksh 3,227,773 | Ksh 2,276,061 | Ksh 6,772,227 |
| Year 3 | Ksh 5,192,962 | Ksh 3,062,790 | Ksh 4,807,038 |
| Year 4 | Ksh 7,437,166 | Ksh 3,570,503 | Ksh 2,562,834 |
| Year 5 | Ksh 10,000,000 | Ksh 3,759,585 | 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 5 years would run about Ksh 214,246/month — saving Ksh 904,818 in interest. See the Citibank N.A. Kenya version →