Ksh 10,000,000 loan at Guaranty Trust Bank for 15 years.
At Guaranty Trust Bank's current lending rate of 15.61%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 144,160. Total cost: Ksh 25,948,811 (Ksh 15,948,811 interest).
Monthly repayment
Ksh 144,160
At 15.61% · 180 payments
Total repayment
Ksh 25,948,811
2.59× the borrowed amount
Total interest
Ksh 15,948,811
Ksh 211,591 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 181,546 | Ksh 1,548,375 | Ksh 9,818,454 |
| Year 2 | Ksh 393,549 | Ksh 3,066,292 | Ksh 9,606,451 |
| Year 3 | Ksh 641,120 | Ksh 4,548,642 | Ksh 9,358,880 |
| Year 4 | Ksh 930,225 | Ksh 5,989,458 | Ksh 9,069,775 |
| Year 5 | Ksh 1,267,832 | Ksh 7,381,772 | Ksh 8,732,168 |
| Year 6 | Ksh 1,662,079 | Ksh 8,717,446 | Ksh 8,337,921 |
| Year 7 | Ksh 2,122,467 | Ksh 9,986,979 | Ksh 7,877,533 |
| Year 8 | Ksh 2,660,093 | Ksh 11,179,273 | Ksh 7,339,907 |
| Year 9 | Ksh 3,287,914 | Ksh 12,281,372 | Ksh 6,712,086 |
| Year 10 | Ksh 4,021,064 | Ksh 13,278,143 | Ksh 5,978,936 |
| Year 11 | Ksh 4,877,212 | Ksh 14,151,916 | Ksh 5,122,788 |
| Year 12 | Ksh 5,876,994 | Ksh 14,882,055 | Ksh 4,123,006 |
| Year 13 | Ksh 7,044,506 | Ksh 15,444,464 | Ksh 2,955,494 |
| Year 14 | Ksh 8,407,888 | Ksh 15,811,003 | Ksh 1,592,112 |
| Year 15 | Ksh 10,000,000 | Ksh 15,948,811 | 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 15 years would run about Ksh 109,674/month — saving Ksh 6,207,572 in interest. See the Citibank N.A. Kenya version →