Equity Bank Kenya loan calculator for Ksh 5,000,000 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 69,603
180 monthly payments
Estimated total repayment
Ksh 12,528,545
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 7,528,545
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
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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 86,178
For 180 months · incl. fees
Total repaid
Ksh 14,669,865
Principal Ksh 5,000,000 + Ksh 9,669,865 extras
Effective APR
19.50%
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 5,000,000 |
| 1 | Ksh 738,044 | Ksh 97,192 | Ksh 4,902,808 |
| 2 | Ksh 1,460,587 | Ksh 209,886 | Ksh 4,790,114 |
| 3 | Ksh 2,165,155 | Ksh 340,554 | Ksh 4,659,446 |
| 4 | Ksh 2,848,883 | Ksh 492,062 | Ksh 4,507,938 |
| 5 | Ksh 3,508,447 | Ksh 667,735 | Ksh 4,332,265 |
| 6 | Ksh 4,139,991 | Ksh 871,427 | Ksh 4,128,573 |
| 7 | Ksh 4,739,048 | Ksh 1,107,607 | Ksh 3,892,393 |
| 8 | Ksh 5,300,435 | Ksh 1,381,456 | Ksh 3,618,544 |
| 9 | Ksh 5,818,145 | Ksh 1,698,982 | Ksh 3,301,018 |
| 10 | Ksh 6,285,212 | Ksh 2,067,152 | Ksh 2,932,848 |
| 11 | Ksh 6,693,558 | Ksh 2,494,042 | Ksh 2,505,958 |
| 12 | Ksh 7,033,817 | Ksh 2,989,019 | Ksh 2,010,981 |
| 13 | Ksh 7,295,130 | Ksh 3,562,942 | Ksh 1,437,058 |
| 14 | Ksh 7,464,906 | Ksh 4,228,403 | Ksh 771,597 |
| 15 | Ksh 7,528,545 | Ksh 5,000,000 | 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.