Ksh 500,000 loan at Guaranty Trust Bank for 5 years.
At Guaranty Trust Bank's current lending rate of 15.61%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 12,056. Total cost: Ksh 723,340 (Ksh 223,340 interest).
Monthly repayment
Ksh 12,056
At 15.61% · 60 payments
Total repayment
Ksh 723,340
1.45× the borrowed amount
Total interest
Ksh 223,340
Ksh 2,694 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 71,597 | Ksh 73,071 | Ksh 428,403 |
| Year 2 | Ksh 155,206 | Ksh 134,130 | Ksh 344,794 |
| Year 3 | Ksh 252,841 | Ksh 181,163 | Ksh 247,159 |
| Year 4 | Ksh 366,857 | Ksh 211,815 | Ksh 133,143 |
| Year 5 | Ksh 500,000 | Ksh 223,340 | 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 5 years would run about Ksh 10,712/month — saving Ksh 80,601 in interest. See the Citibank N.A. Kenya version →