Ksh 2,000,000 loan at Standard Chartered Bank Kenya for 5 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 45,865. Total cost: Ksh 2,751,917 (Ksh 751,917 interest).
Monthly repayment
Ksh 45,865
At 13.35% · 60 payments
Total repayment
Ksh 2,751,917
1.38× the borrowed amount
Total interest
Ksh 751,917
Ksh 130,665 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 301,382 | Ksh 249,001 | Ksh 1,698,618 |
| Year 2 | Ksh 645,555 | Ksh 455,212 | Ksh 1,354,445 |
| Year 3 | Ksh 1,038,592 | Ksh 612,558 | Ksh 961,408 |
| Year 4 | Ksh 1,487,433 | Ksh 714,101 | Ksh 512,567 |
| Year 5 | Ksh 2,000,000 | Ksh 751,917 | 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 5 years would run about Ksh 42,849/month — saving Ksh 180,964 in interest. See the Citibank N.A. Kenya version →