Ksh 500,000 loan at Standard Chartered Bank Kenya for 2 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 500,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 23,853. Total cost: Ksh 572,477 (Ksh 72,477 interest).
Monthly repayment
Ksh 23,853
At 13.35% · 24 payments
Total repayment
Ksh 572,477
1.14× the borrowed amount
Total interest
Ksh 72,477
Ksh 11,875 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 233,429 | Ksh 52,809 | Ksh 266,571 |
| Year 2 | Ksh 500,000 | Ksh 72,477 | 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 2 years would run about Ksh 23,156/month — saving Ksh 16,742 in interest. See the Citibank N.A. Kenya version →