Ksh 500,000 loan at Standard Chartered Bank Kenya for 5 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 11,466. Total cost: Ksh 687,979 (Ksh 187,979 interest).
Monthly repayment
Ksh 11,466
At 13.35% · 60 payments
Total repayment
Ksh 687,979
1.38× the borrowed amount
Total interest
Ksh 187,979
Ksh 32,666 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 75,346 | Ksh 62,250 | Ksh 424,654 |
| Year 2 | Ksh 161,389 | Ksh 113,803 | Ksh 338,611 |
| Year 3 | Ksh 259,648 | Ksh 153,139 | Ksh 240,352 |
| Year 4 | Ksh 371,858 | Ksh 178,525 | Ksh 128,142 |
| Year 5 | Ksh 500,000 | Ksh 187,979 | 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 5 years would run about Ksh 10,712/month — saving Ksh 45,241 in interest. See the Citibank N.A. Kenya version →