Equity Bank Kenya loan calculator for Ksh 1,000,000 over 20 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 13,087
240 monthly payments
Estimated total repayment
Ksh 3,140,806
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,140,806
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 16,402
For 240 months · incl. fees
Total repaid
Ksh 3,742,742
Principal Ksh 1,000,000 + Ksh 2,742,742 extras
Effective APR
19.52%
Advertised rate 14.89% · 214.1% interest on principal
Repayment mix over 20 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 148,321 | Ksh 8,719 | Ksh 991,281 |
| 2 | Ksh 295,251 | Ksh 18,830 | Ksh 981,170 |
| 3 | Ksh 440,569 | Ksh 30,552 | Ksh 969,448 |
| 4 | Ksh 584,016 | Ksh 44,145 | Ksh 955,855 |
| 5 | Ksh 725,296 | Ksh 59,905 | Ksh 940,095 |
| 6 | Ksh 864,063 | Ksh 78,179 | Ksh 921,821 |
| 7 | Ksh 999,915 | Ksh 99,368 | Ksh 900,632 |
| 8 | Ksh 1,132,387 | Ksh 123,936 | Ksh 876,064 |
| 9 | Ksh 1,260,941 | Ksh 152,422 | Ksh 847,578 |
| 10 | Ksh 1,384,951 | Ksh 185,452 | Ksh 814,548 |
| 11 | Ksh 1,503,693 | Ksh 223,750 | Ksh 776,250 |
| 12 | Ksh 1,616,327 | Ksh 268,156 | Ksh 731,844 |
| 13 | Ksh 1,721,879 | Ksh 319,645 | Ksh 680,355 |
| 14 | Ksh 1,819,218 | Ksh 379,346 | Ksh 620,654 |
| 15 | Ksh 1,907,036 | Ksh 448,569 | Ksh 551,431 |
| 16 | Ksh 1,983,812 | Ksh 528,832 | Ksh 471,168 |
| 17 | Ksh 2,047,788 | Ksh 621,897 | Ksh 378,103 |
| 18 | Ksh 2,096,920 | Ksh 729,806 | Ksh 270,194 |
| 19 | Ksh 2,128,841 | Ksh 854,925 | Ksh 145,075 |
| 20 | Ksh 2,140,806 | 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.