Ksh 2,000,000 loan at Guaranty Trust Bank for 2 years.
At Guaranty Trust Bank's current lending rate of 15.61%, a Ksh 2,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 97,554. Total cost: Ksh 2,341,295 (Ksh 341,295 interest).
Monthly repayment
Ksh 97,554
At 15.61% · 24 payments
Total repayment
Ksh 2,341,295
1.17× the borrowed amount
Total interest
Ksh 341,295
Ksh 3,888 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 922,608 | Ksh 248,039 | Ksh 1,077,392 |
| Year 2 | Ksh 2,000,000 | Ksh 341,295 | 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 2,000,000 loan over 2 years would run about Ksh 92,623/month — saving Ksh 118,354 in interest. See the Citibank N.A. Kenya version →