Equity Bank Kenya loan calculator for Ksh 1,000,000 over 15 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 13,921
180 monthly payments
Estimated total repayment
Ksh 2,505,710
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,505,709
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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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 17,236
For 180 months · incl. fees
Total repaid
Ksh 2,937,973
Principal Ksh 1,000,000 + Ksh 1,937,973 extras
Effective APR
19.60%
Advertised rate 14.89% · 150.6% interest on principal
Repayment mix over 15 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 147,609 | Ksh 19,438 | Ksh 980,562 |
| 2 | Ksh 292,117 | Ksh 41,977 | Ksh 958,023 |
| 3 | Ksh 433,031 | Ksh 68,111 | Ksh 931,889 |
| 4 | Ksh 569,777 | Ksh 98,412 | Ksh 901,588 |
| 5 | Ksh 701,689 | Ksh 133,547 | Ksh 866,453 |
| 6 | Ksh 827,998 | Ksh 174,285 | Ksh 825,715 |
| 7 | Ksh 947,810 | Ksh 221,521 | Ksh 778,479 |
| 8 | Ksh 1,060,087 | Ksh 276,291 | Ksh 723,709 |
| 9 | Ksh 1,163,629 | Ksh 339,796 | Ksh 660,204 |
| 10 | Ksh 1,257,042 | Ksh 413,430 | Ksh 586,570 |
| 11 | Ksh 1,338,712 | Ksh 498,808 | Ksh 501,192 |
| 12 | Ksh 1,406,763 | Ksh 597,804 | Ksh 402,196 |
| 13 | Ksh 1,459,026 | Ksh 712,588 | Ksh 287,412 |
| 14 | Ksh 1,492,981 | Ksh 845,681 | Ksh 154,319 |
| 15 | Ksh 1,505,709 | 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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