Ksh 5,000,000 loan at Standard Chartered Bank Kenya for 3 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 169,314. Total cost: Ksh 6,095,300 (Ksh 1,095,301 interest).
Monthly repayment
Ksh 169,314
At 13.35% · 36 payments
Total repayment
Ksh 6,095,300
1.22× the borrowed amount
Total interest
Ksh 1,095,301
Ksh 183,313 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 1,450,917 | Ksh 580,849 | Ksh 3,549,083 |
| Year 2 | Ksh 3,107,835 | Ksh 955,699 | Ksh 1,892,165 |
| Year 3 | Ksh 5,000,000 | Ksh 1,095,301 | 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 3 years would run about Ksh 162,182/month — saving Ksh 256,736 in interest. See the Citibank N.A. Kenya version →