Ksh 10,000,000 loan at Guaranty Trust Bank for 1 years.
At Guaranty Trust Bank's current lending rate of 15.61%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 905,464. Total cost: Ksh 10,865,569 (Ksh 865,569 interest).
Monthly repayment
Ksh 905,464
At 15.61% · 12 payments
Total repayment
Ksh 10,865,569
1.09× the borrowed amount
Total interest
Ksh 865,569
Ksh 9,641 more than industry avg
Year-by-year amortisation
How each payment splits between interest and principal over time.
| End of year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | Ksh 10,000,000 | Ksh 865,569 | Ksh 0 |
Could you get this cheaper?
Currently the cheapest Kenyan lender on this CBK dataset is Citibank N.A. Kenya at 10.36%. The same Ksh 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 295,560 in interest. See the Citibank N.A. Kenya version →