Equity Bank Kenya loan calculator for Ksh 500,000 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 6,960
180 monthly payments
Estimated total repayment
Ksh 1,252,854
Ksh 500,000 principal + interest
Estimated interest
Ksh 752,855
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 8,618
For 180 months · incl. fees
Total repaid
Ksh 1,471,487
Principal Ksh 500,000 + Ksh 971,487 extras
Effective APR
19.72%
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 500,000 |
| 1 | Ksh 73,804 | Ksh 9,719 | Ksh 490,281 |
| 2 | Ksh 146,059 | Ksh 20,989 | Ksh 479,011 |
| 3 | Ksh 216,516 | Ksh 34,055 | Ksh 465,945 |
| 4 | Ksh 284,888 | Ksh 49,206 | Ksh 450,794 |
| 5 | Ksh 350,845 | Ksh 66,774 | Ksh 433,226 |
| 6 | Ksh 413,999 | Ksh 87,143 | Ksh 412,857 |
| 7 | Ksh 473,905 | Ksh 110,761 | Ksh 389,239 |
| 8 | Ksh 530,044 | Ksh 138,146 | Ksh 361,854 |
| 9 | Ksh 581,815 | Ksh 169,898 | Ksh 330,102 |
| 10 | Ksh 628,521 | Ksh 206,715 | Ksh 293,285 |
| 11 | Ksh 669,356 | Ksh 249,404 | Ksh 250,596 |
| 12 | Ksh 703,382 | Ksh 298,902 | Ksh 201,098 |
| 13 | Ksh 729,513 | Ksh 356,294 | Ksh 143,706 |
| 14 | Ksh 746,491 | Ksh 422,840 | Ksh 77,160 |
| 15 | Ksh 752,855 | 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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