Ksh 2,000,000 loan at Guardian Bank for 1 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 2,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 179,170. Total cost: Ksh 2,150,038 (Ksh 150,038 interest).
Monthly repayment
Ksh 179,170
At 13.57% · 12 payments
Total repayment
Ksh 2,150,038
1.08× the borrowed amount
Total interest
Ksh 150,038
Ksh 21,148 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 2,000,000 | Ksh 150,038 | 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 2,000,000 loan over 1 years would run about Ksh 176,167/month — saving Ksh 36,036 in interest. See the Citibank N.A. Kenya version →