Equity Bank Kenya loan calculator for Ksh 500,000 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 8,033
120 monthly payments
Estimated total repayment
Ksh 963,972
Ksh 500,000 principal + interest
Estimated interest
Ksh 463,972
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 9,691
For 120 months · incl. fees
Total repaid
Ksh 1,105,426
Principal Ksh 500,000 + Ksh 605,426 extras
Effective APR
19.93%
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 500,000 |
| 1 | Ksh 72,888 | Ksh 23,509 | Ksh 476,491 |
| 2 | Ksh 142,027 | Ksh 50,767 | Ksh 449,233 |
| 3 | Ksh 206,819 | Ksh 82,373 | Ksh 417,627 |
| 4 | Ksh 266,569 | Ksh 119,019 | Ksh 380,981 |
| 5 | Ksh 320,475 | Ksh 161,511 | Ksh 338,489 |
| 6 | Ksh 367,603 | Ksh 210,780 | Ksh 289,220 |
| 7 | Ksh 406,874 | Ksh 267,907 | Ksh 232,093 |
| 8 | Ksh 437,033 | Ksh 334,145 | Ksh 165,855 |
| 9 | Ksh 456,627 | Ksh 410,948 | Ksh 89,052 |
| 10 | Ksh 463,972 | Ksh 500,000 | 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.