Ksh 500,000 loan at Standard Chartered Bank Kenya for 1 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 500,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 44,741. Total cost: Ksh 536,889 (Ksh 36,889 interest).
Monthly repayment
Ksh 44,741
At 13.35% · 12 payments
Total repayment
Ksh 536,889
1.07× the borrowed amount
Total interest
Ksh 36,889
Ksh 5,907 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 500,000 | Ksh 36,889 | 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 500,000 loan over 1 years would run about Ksh 44,042/month — saving Ksh 8,389 in interest. See the Citibank N.A. Kenya version →