Ksh 5,000,000 loan at Standard Chartered Bank Kenya for 2 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 238,532. Total cost: Ksh 5,724,766 (Ksh 724,766 interest).
Monthly repayment
Ksh 238,532
At 13.35% · 24 payments
Total repayment
Ksh 5,724,766
1.14× the borrowed amount
Total interest
Ksh 724,766
Ksh 118,749 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 2,334,290 | Ksh 528,093 | Ksh 2,665,710 |
| Year 2 | Ksh 5,000,000 | Ksh 724,766 | 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 5,000,000 loan over 2 years would run about Ksh 231,556/month — saving Ksh 167,415 in interest. See the Citibank N.A. Kenya version →