Ksh 500,000 loan at Guaranty Trust Bank for 3 years.
At Guaranty Trust Bank's current lending rate of 15.61%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 17,482. Total cost: Ksh 629,366 (Ksh 129,366 interest).
Monthly repayment
Ksh 17,482
At 15.61% · 36 payments
Total repayment
Ksh 629,366
1.26× the borrowed amount
Total interest
Ksh 129,366
Ksh 1,505 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 141,585 | Ksh 68,204 | Ksh 358,415 |
| Year 2 | Ksh 306,923 | Ksh 112,654 | Ksh 193,077 |
| Year 3 | Ksh 500,000 | Ksh 129,366 | 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 500,000 loan over 3 years would run about Ksh 16,218/month — saving Ksh 45,510 in interest. See the Citibank N.A. Kenya version →