Ksh 10,000,000 loan at Guardian Bank for 15 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 130,298. Total cost: Ksh 23,453,588 (Ksh 13,453,588 interest).
Monthly repayment
Ksh 130,298
At 13.57% · 180 payments
Total repayment
Ksh 23,453,588
2.35× the borrowed amount
Total interest
Ksh 13,453,588
Ksh 2,283,632 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 219,917 | Ksh 1,343,655 | Ksh 9,780,083 |
| Year 2 | Ksh 471,605 | Ksh 2,655,540 | Ksh 9,528,395 |
| Year 3 | Ksh 759,654 | Ksh 3,931,064 | Ksh 9,240,346 |
| Year 4 | Ksh 1,089,315 | Ksh 5,164,975 | Ksh 8,910,685 |
| Year 5 | Ksh 1,466,602 | Ksh 6,351,260 | Ksh 8,533,398 |
| Year 6 | Ksh 1,898,394 | Ksh 7,483,041 | Ksh 8,101,606 |
| Year 7 | Ksh 2,392,566 | Ksh 8,552,442 | Ksh 7,607,434 |
| Year 8 | Ksh 2,958,128 | Ksh 9,550,452 | Ksh 7,041,872 |
| Year 9 | Ksh 3,605,396 | Ksh 10,466,757 | Ksh 6,394,604 |
| Year 10 | Ksh 4,346,171 | Ksh 11,289,554 | Ksh 5,653,829 |
| Year 11 | Ksh 5,193,964 | Ksh 12,005,334 | Ksh 4,806,036 |
| Year 12 | Ksh 6,164,235 | Ksh 12,598,636 | Ksh 3,835,765 |
| Year 13 | Ksh 7,274,676 | Ksh 13,051,767 | Ksh 2,725,324 |
| Year 14 | Ksh 8,545,540 | Ksh 13,344,476 | Ksh 1,454,460 |
| Year 15 | Ksh 10,000,000 | Ksh 13,453,588 | 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 15 years would run about Ksh 109,674/month — saving Ksh 3,712,349 in interest. See the Citibank N.A. Kenya version →