Ksh 2,000,000 loan at Guardian Bank for 15 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 2,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 26,060. Total cost: Ksh 4,690,717 (Ksh 2,690,718 interest).
Monthly repayment
Ksh 26,060
At 13.57% · 180 payments
Total repayment
Ksh 4,690,717
2.35× the borrowed amount
Total interest
Ksh 2,690,718
Ksh 456,726 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 43,983 | Ksh 268,731 | Ksh 1,956,017 |
| Year 2 | Ksh 94,321 | Ksh 531,108 | Ksh 1,905,679 |
| Year 3 | Ksh 151,931 | Ksh 786,213 | Ksh 1,848,069 |
| Year 4 | Ksh 217,863 | Ksh 1,032,995 | Ksh 1,782,137 |
| Year 5 | Ksh 293,320 | Ksh 1,270,252 | Ksh 1,706,680 |
| Year 6 | Ksh 379,679 | Ksh 1,496,608 | Ksh 1,620,321 |
| Year 7 | Ksh 478,513 | Ksh 1,710,488 | Ksh 1,521,487 |
| Year 8 | Ksh 591,626 | Ksh 1,910,090 | Ksh 1,408,374 |
| Year 9 | Ksh 721,079 | Ksh 2,093,351 | Ksh 1,278,921 |
| Year 10 | Ksh 869,234 | Ksh 2,257,911 | Ksh 1,130,766 |
| Year 11 | Ksh 1,038,793 | Ksh 2,401,067 | Ksh 961,207 |
| Year 12 | Ksh 1,232,847 | Ksh 2,519,727 | Ksh 767,153 |
| Year 13 | Ksh 1,454,935 | Ksh 2,610,353 | Ksh 545,065 |
| Year 14 | Ksh 1,709,108 | Ksh 2,668,895 | Ksh 290,892 |
| Year 15 | Ksh 2,000,000 | Ksh 2,690,718 | 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 15 years would run about Ksh 21,935/month — saving Ksh 742,470 in interest. See the Citibank N.A. Kenya version →