Ksh 10,000,000 loan at Guaranty Trust Bank for 5 years.
At Guaranty Trust Bank's current lending rate of 15.61%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 241,113. Total cost: Ksh 14,466,794 (Ksh 4,466,794 interest).
Monthly repayment
Ksh 241,113
At 15.61% · 60 payments
Total repayment
Ksh 14,466,794
1.45× the borrowed amount
Total interest
Ksh 4,466,794
Ksh 53,886 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 1,431,941 | Ksh 1,461,418 | Ksh 8,568,059 |
| Year 2 | Ksh 3,104,114 | Ksh 2,682,604 | Ksh 6,895,886 |
| Year 3 | Ksh 5,056,822 | Ksh 3,623,255 | Ksh 4,943,178 |
| Year 4 | Ksh 7,337,131 | Ksh 4,236,305 | Ksh 2,662,869 |
| Year 5 | Ksh 10,000,000 | Ksh 4,466,794 | 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 5 years would run about Ksh 214,246/month — saving Ksh 1,612,027 in interest. See the Citibank N.A. Kenya version →