Ksh 2,000,000 loan at Standard Chartered Bank Kenya for 1 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 2,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 178,963. Total cost: Ksh 2,147,558 (Ksh 147,558 interest).
Monthly repayment
Ksh 178,963
At 13.35% · 12 payments
Total repayment
Ksh 2,147,558
1.07× the borrowed amount
Total interest
Ksh 147,558
Ksh 23,628 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 2,000,000 | Ksh 147,558 | 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 2,000,000 loan over 1 years would run about Ksh 176,167/month — saving Ksh 33,556 in interest. See the Citibank N.A. Kenya version →