Ksh 5,000,000 loan at Guaranty Trust Bank for 10 years.
At Guaranty Trust Bank's current lending rate of 15.61%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 82,545. Total cost: Ksh 9,905,448 (Ksh 4,905,448 interest).
Monthly repayment
Ksh 82,545
At 15.61% · 120 payments
Total repayment
Ksh 9,905,448
1.98× the borrowed amount
Total interest
Ksh 4,905,448
Ksh 63,046 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 225,744 | Ksh 764,801 | Ksh 4,774,256 |
| Year 2 | Ksh 489,360 | Ksh 1,491,730 | Ksh 4,510,640 |
| Year 3 | Ksh 797,202 | Ksh 2,174,432 | Ksh 4,202,798 |
| Year 4 | Ksh 1,156,690 | Ksh 2,805,489 | Ksh 3,843,310 |
| Year 5 | Ksh 1,576,488 | Ksh 3,376,236 | Ksh 3,423,512 |
| Year 6 | Ksh 2,066,715 | Ksh 3,876,554 | Ksh 2,933,285 |
| Year 7 | Ksh 2,639,185 | Ksh 4,294,629 | Ksh 2,360,815 |
| Year 8 | Ksh 3,307,697 | Ksh 4,616,661 | Ksh 1,692,303 |
| Year 9 | Ksh 4,088,364 | Ksh 4,826,540 | Ksh 911,636 |
| Year 10 | Ksh 5,000,000 | Ksh 4,905,448 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 1,856,311 in interest. See the Citibank N.A. Kenya version →