Equity Bank Kenya loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a Equity Bank Kenya loan using the current 14.89% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 16,066
120 monthly payments
Estimated total repayment
Ksh 1,927,944
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 927,944
At 14.89%
Current Equity Bank Kenya loan interest rate
Equity Bank Kenya is listed at 14.89% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
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Edit the values below; results update instantly.
Loan details
KESCentral Bank of Kenya · May 2025
-1.10 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 19,381
For 120 months · incl. fees
Total repaid
Ksh 2,205,853
Principal Ksh 1,000,000 + Ksh 1,205,853 extras
Effective APR
19.77%
Advertised rate 14.89% · 92.8% interest on principal
Repayment mix over 10 years
Early payments lean on interest; later ones clear principal.
Amortisation (yearly)
End of year · KES| Year | Interest paid | Principal paid | Balance |
|---|---|---|---|
| 0 | Ksh 0 | Ksh 0 | Ksh 1,000,000 |
| 1 | Ksh 145,777 | Ksh 47,017 | Ksh 952,983 |
| 2 | Ksh 284,055 | Ksh 101,534 | Ksh 898,466 |
| 3 | Ksh 413,638 | Ksh 164,745 | Ksh 835,255 |
| 4 | Ksh 533,139 | Ksh 238,039 | Ksh 761,961 |
| 5 | Ksh 640,950 | Ksh 323,022 | Ksh 676,978 |
| 6 | Ksh 735,207 | Ksh 421,559 | Ksh 578,441 |
| 7 | Ksh 813,748 | Ksh 535,813 | Ksh 464,187 |
| 8 | Ksh 874,066 | Ksh 668,290 | Ksh 331,711 |
| 9 | Ksh 913,254 | Ksh 821,895 | Ksh 178,105 |
| 10 | Ksh 927,944 | Ksh 1,000,000 | Ksh 0 |
What affects repayment?
Monthly repayment depends on loan amount, term, lending rate, processing fee, insurance and excise duty on interest.
Longer term tradeoff
A longer term can reduce monthly instalments but usually increases total interest paid over the life of the loan.
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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.