Equity Bank Kenya loan calculator for Ksh 5,000,000 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 118,661
60 monthly payments
Estimated total repayment
Ksh 7,119,668
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 2,119,669
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 135,236
For 60 months · incl. fees
Total repaid
Ksh 7,815,958
Principal Ksh 5,000,000 + Ksh 2,815,958 extras
Effective APR
20.15%
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 5,000,000 |
| 1 | Ksh 696,159 | Ksh 727,775 | Ksh 4,272,225 |
| 2 | Ksh 1,276,242 | Ksh 1,571,625 | Ksh 3,428,375 |
| 3 | Ksh 1,721,736 | Ksh 2,550,065 | Ksh 2,449,935 |
| 4 | Ksh 2,011,175 | Ksh 3,684,560 | Ksh 1,315,440 |
| 5 | Ksh 2,119,669 | 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.