Equity Bank Kenya loan calculator for Ksh 1,000,000 over 5 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 23,732
60 monthly payments
Estimated total repayment
Ksh 1,423,934
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 423,934
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%.
Change loan details
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 27,047
For 60 months · incl. fees
Total repaid
Ksh 1,567,192
Principal Ksh 1,000,000 + Ksh 567,192 extras
Effective APR
20.35%
Advertised rate 14.89% · 42.4% interest on principal
Repayment mix over 5 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 139,232 | Ksh 145,555 | Ksh 854,445 |
| 2 | Ksh 255,248 | Ksh 314,325 | Ksh 685,675 |
| 3 | Ksh 344,347 | Ksh 510,013 | Ksh 489,987 |
| 4 | Ksh 402,235 | Ksh 736,912 | Ksh 263,088 |
| 5 | Ksh 423,934 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.