Ksh 10,000,000 loan at Guardian Bank for 5 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 230,459. Total cost: Ksh 13,827,555 (Ksh 3,827,555 interest).
Monthly repayment
Ksh 230,459
At 13.57% · 60 payments
Total repayment
Ksh 13,827,555
1.38× the borrowed amount
Total interest
Ksh 3,827,555
Ksh 585,354 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 1,499,502 | Ksh 1,266,009 | Ksh 8,500,498 |
| Year 2 | Ksh 3,215,632 | Ksh 2,315,390 | Ksh 6,784,368 |
| Year 3 | Ksh 5,179,685 | Ksh 3,116,848 | Ksh 4,820,315 |
| Year 4 | Ksh 7,427,477 | Ksh 3,634,567 | Ksh 2,572,523 |
| Year 5 | Ksh 10,000,000 | Ksh 3,827,555 | 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 5 years would run about Ksh 214,246/month — saving Ksh 972,787 in interest. See the Citibank N.A. Kenya version →