Ksh 10,000,000 loan at Guardian Bank for 10 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 152,691. Total cost: Ksh 18,322,978 (Ksh 8,322,977 interest).
Monthly repayment
Ksh 152,691
At 13.57% · 120 payments
Total repayment
Ksh 18,322,978
1.83× the borrowed amount
Total interest
Ksh 8,322,977
Ksh 1,361,827 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 506,002 | Ksh 1,326,295 | Ksh 9,493,998 |
| Year 2 | Ksh 1,085,105 | Ksh 2,579,490 | Ksh 8,914,895 |
| Year 3 | Ksh 1,747,869 | Ksh 3,749,024 | Ksh 8,252,131 |
| Year 4 | Ksh 2,506,380 | Ksh 4,822,811 | Ksh 7,493,620 |
| Year 5 | Ksh 3,374,469 | Ksh 5,787,019 | Ksh 6,625,531 |
| Year 6 | Ksh 4,367,969 | Ksh 6,625,817 | Ksh 5,632,031 |
| Year 7 | Ksh 5,504,996 | Ksh 7,321,088 | Ksh 4,495,004 |
| Year 8 | Ksh 6,806,285 | Ksh 7,852,096 | Ksh 3,193,715 |
| Year 9 | Ksh 8,295,567 | Ksh 8,195,112 | Ksh 1,704,433 |
| Year 10 | Ksh 10,000,000 | Ksh 8,322,977 | 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 10,000,000 loan over 10 years would run about Ksh 134,152/month — saving Ksh 2,224,702 in interest. See the Citibank N.A. Kenya version →