Ksh 10,000,000 loan at Guaranty Trust Bank for 10 years.
At Guaranty Trust Bank's current lending rate of 15.61%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 165,091. Total cost: Ksh 19,810,896 (Ksh 9,810,896 interest).
Monthly repayment
Ksh 165,091
At 15.61% · 120 payments
Total repayment
Ksh 19,810,896
1.98× the borrowed amount
Total interest
Ksh 9,810,896
Ksh 126,092 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 451,487 | Ksh 1,529,602 | Ksh 9,548,513 |
| Year 2 | Ksh 978,720 | Ksh 2,983,460 | Ksh 9,021,280 |
| Year 3 | Ksh 1,594,404 | Ksh 4,348,865 | Ksh 8,405,596 |
| Year 4 | Ksh 2,313,380 | Ksh 5,610,978 | Ksh 7,686,620 |
| Year 5 | Ksh 3,152,977 | Ksh 6,752,472 | Ksh 6,847,023 |
| Year 6 | Ksh 4,133,430 | Ksh 7,753,108 | Ksh 5,866,570 |
| Year 7 | Ksh 5,278,370 | Ksh 8,589,257 | Ksh 4,721,630 |
| Year 8 | Ksh 6,615,394 | Ksh 9,233,323 | Ksh 3,384,606 |
| Year 9 | Ksh 8,176,727 | Ksh 9,653,080 | Ksh 1,823,273 |
| Year 10 | Ksh 10,000,000 | Ksh 9,810,896 | 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 10 years would run about Ksh 134,152/month — saving Ksh 3,712,622 in interest. See the Citibank N.A. Kenya version →