Ksh 2,000,000 loan at Guardian Bank for 3 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 67,938. Total cost: Ksh 2,445,779 (Ksh 445,779 interest).
Monthly repayment
Ksh 67,938
At 13.57% · 36 payments
Total repayment
Ksh 2,445,779
1.22× the borrowed amount
Total interest
Ksh 445,779
Ksh 65,666 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 578,994 | Ksh 236,266 | Ksh 1,421,006 |
| Year 2 | Ksh 1,241,632 | Ksh 388,887 | Ksh 758,368 |
| Year 3 | Ksh 2,000,000 | Ksh 445,779 | 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 3 years would run about Ksh 64,873/month — saving Ksh 110,353 in interest. See the Citibank N.A. Kenya version →