Ksh 2,000,000 loan at Guardian Bank for 10 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 2,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 30,538. Total cost: Ksh 3,664,596 (Ksh 1,664,595 interest).
Monthly repayment
Ksh 30,538
At 13.57% · 120 payments
Total repayment
Ksh 3,664,596
1.83× the borrowed amount
Total interest
Ksh 1,664,595
Ksh 272,365 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 101,200 | Ksh 265,259 | Ksh 1,898,800 |
| Year 2 | Ksh 217,021 | Ksh 515,898 | Ksh 1,782,979 |
| Year 3 | Ksh 349,574 | Ksh 749,805 | Ksh 1,650,426 |
| Year 4 | Ksh 501,276 | Ksh 964,562 | Ksh 1,498,724 |
| Year 5 | Ksh 674,894 | Ksh 1,157,404 | Ksh 1,325,106 |
| Year 6 | Ksh 873,594 | Ksh 1,325,163 | Ksh 1,126,406 |
| Year 7 | Ksh 1,100,999 | Ksh 1,464,218 | Ksh 899,001 |
| Year 8 | Ksh 1,361,257 | Ksh 1,570,419 | Ksh 638,743 |
| Year 9 | Ksh 1,659,113 | Ksh 1,639,022 | Ksh 340,887 |
| Year 10 | Ksh 2,000,000 | Ksh 1,664,595 | 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 10 years would run about Ksh 26,830/month — saving Ksh 444,940 in interest. See the Citibank N.A. Kenya version →