Ksh 1,000,000 loan at Guardian Bank for 25 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 11,710. Total cost: Ksh 3,512,889 (Ksh 2,512,890 interest).
Monthly repayment
Ksh 11,710
At 13.57% · 300 payments
Total repayment
Ksh 3,512,889
3.51× the borrowed amount
Total interest
Ksh 2,512,890
Ksh 432,300 less 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 5,127 | Ksh 135,389 | Ksh 994,873 |
| Year 2 | Ksh 10,994 | Ksh 270,037 | Ksh 989,006 |
| Year 3 | Ksh 17,709 | Ksh 403,838 | Ksh 982,291 |
| Year 4 | Ksh 25,394 | Ksh 536,668 | Ksh 974,606 |
| Year 5 | Ksh 34,189 | Ksh 668,389 | Ksh 965,811 |
| Year 6 | Ksh 44,255 | Ksh 798,838 | Ksh 955,745 |
| Year 7 | Ksh 55,775 | Ksh 927,834 | Ksh 944,225 |
| Year 8 | Ksh 68,959 | Ksh 1,055,165 | Ksh 931,041 |
| Year 9 | Ksh 84,048 | Ksh 1,180,592 | Ksh 915,952 |
| Year 10 | Ksh 101,317 | Ksh 1,303,839 | Ksh 898,683 |
| Year 11 | Ksh 121,081 | Ksh 1,424,591 | Ksh 878,919 |
| Year 12 | Ksh 143,700 | Ksh 1,542,487 | Ksh 856,300 |
| Year 13 | Ksh 169,586 | Ksh 1,657,117 | Ksh 830,414 |
| Year 14 | Ksh 199,212 | Ksh 1,768,006 | Ksh 800,788 |
| Year 15 | Ksh 233,118 | Ksh 1,874,616 | Ksh 766,882 |
| Year 16 | Ksh 271,923 | Ksh 1,976,327 | Ksh 728,077 |
| Year 17 | Ksh 316,333 | Ksh 2,072,432 | Ksh 683,667 |
| Year 18 | Ksh 367,159 | Ksh 2,162,121 | Ksh 632,841 |
| Year 19 | Ksh 425,328 | Ksh 2,244,468 | Ksh 574,672 |
| Year 20 | Ksh 491,900 | Ksh 2,318,412 | Ksh 508,100 |
| Year 21 | Ksh 568,090 | Ksh 2,382,737 | Ksh 431,910 |
| Year 22 | Ksh 655,286 | Ksh 2,436,056 | Ksh 344,714 |
| Year 23 | Ksh 755,080 | Ksh 2,476,779 | Ksh 244,920 |
| Year 24 | Ksh 869,290 | Ksh 2,503,084 | Ksh 130,710 |
| Year 25 | Ksh 1,000,000 | Ksh 2,512,890 | 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 1,000,000 loan over 25 years would run about Ksh 9,342/month — saving Ksh 710,288 in interest. See the Citibank N.A. Kenya version →