Ksh 5,000,000 loan at Guaranty Trust Bank for 3 years.
At Guaranty Trust Bank's current lending rate of 15.61%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 174,824. Total cost: Ksh 6,293,663 (Ksh 1,293,663 interest).
Monthly repayment
Ksh 174,824
At 15.61% · 36 payments
Total repayment
Ksh 6,293,663
1.26× the borrowed amount
Total interest
Ksh 1,293,663
Ksh 15,049 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 1,415,850 | Ksh 682,037 | Ksh 3,584,150 |
| Year 2 | Ksh 3,069,234 | Ksh 1,126,542 | Ksh 1,930,766 |
| Year 3 | Ksh 5,000,000 | Ksh 1,293,663 | 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 3 years would run about Ksh 162,182/month — saving Ksh 455,098 in interest. See the Citibank N.A. Kenya version →