Ksh 500,000 loan at Standard Chartered Bank Kenya for 10 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 7,569. Total cost: Ksh 908,293 (Ksh 408,293 interest).
Monthly repayment
Ksh 7,569
At 13.35% · 120 payments
Total repayment
Ksh 908,293
1.82× the borrowed amount
Total interest
Ksh 408,293
Ksh 75,947 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 25,609 | Ksh 65,221 | Ksh 474,391 |
| Year 2 | Ksh 54,853 | Ksh 126,805 | Ksh 445,147 |
| Year 3 | Ksh 88,250 | Ksh 184,238 | Ksh 411,750 |
| Year 4 | Ksh 126,388 | Ksh 236,929 | Ksh 373,612 |
| Year 5 | Ksh 169,942 | Ksh 284,205 | Ksh 330,058 |
| Year 6 | Ksh 219,679 | Ksh 325,297 | Ksh 280,321 |
| Year 7 | Ksh 276,477 | Ksh 359,328 | Ksh 223,523 |
| Year 8 | Ksh 341,340 | Ksh 385,295 | Ksh 158,660 |
| Year 9 | Ksh 415,412 | Ksh 402,052 | Ksh 84,588 |
| Year 10 | Ksh 500,000 | Ksh 408,293 | 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 10 years would run about Ksh 6,708/month — saving Ksh 103,379 in interest. See the Citibank N.A. Kenya version →