Ksh 5,000,000 loan at Standard Chartered Bank Kenya for 5 years.
At Standard Chartered Bank Kenya's current lending rate of 13.35%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 114,663. Total cost: Ksh 6,879,793 (Ksh 1,879,793 interest).
Monthly repayment
Ksh 114,663
At 13.35% · 60 payments
Total repayment
Ksh 6,879,793
1.38× the borrowed amount
Total interest
Ksh 1,879,793
Ksh 326,662 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 753,456 | Ksh 622,503 | Ksh 4,246,544 |
| Year 2 | Ksh 1,613,887 | Ksh 1,138,030 | Ksh 3,386,113 |
| Year 3 | Ksh 2,596,481 | Ksh 1,531,395 | Ksh 2,403,519 |
| Year 4 | Ksh 3,718,583 | Ksh 1,785,251 | Ksh 1,281,417 |
| Year 5 | Ksh 5,000,000 | Ksh 1,879,793 | 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 5 years would run about Ksh 107,123/month — saving Ksh 452,409 in interest. See the Citibank N.A. Kenya version →