Ksh 2,000,000 loan at Standard Chartered Bank Kenya for 3 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 67,726. Total cost: Ksh 2,438,120 (Ksh 438,120 interest).
Monthly repayment
Ksh 67,726
At 13.35% · 36 payments
Total repayment
Ksh 2,438,120
1.22× the borrowed amount
Total interest
Ksh 438,120
Ksh 73,325 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 580,367 | Ksh 232,340 | Ksh 1,419,633 |
| Year 2 | Ksh 1,243,134 | Ksh 382,280 | Ksh 756,866 |
| Year 3 | Ksh 2,000,000 | Ksh 438,120 | 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 3 years would run about Ksh 64,873/month — saving Ksh 102,694 in interest. See the Citibank N.A. Kenya version →