Ksh 1,000,000 loan at Guardian Bank for 5 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 23,046. Total cost: Ksh 1,382,755 (Ksh 382,755 interest).
Monthly repayment
Ksh 23,046
At 13.57% · 60 payments
Total repayment
Ksh 1,382,755
1.38× the borrowed amount
Total interest
Ksh 382,755
Ksh 58,535 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 149,950 | Ksh 126,601 | Ksh 850,050 |
| Year 2 | Ksh 321,563 | Ksh 231,539 | Ksh 678,437 |
| Year 3 | Ksh 517,968 | Ksh 311,685 | Ksh 482,032 |
| Year 4 | Ksh 742,748 | Ksh 363,457 | Ksh 257,252 |
| Year 5 | Ksh 1,000,000 | Ksh 382,755 | 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 5 years would run about Ksh 21,425/month — saving Ksh 97,279 in interest. See the Citibank N.A. Kenya version →