Ksh 2,000,000 loan at Guardian Bank for 5 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 46,092. Total cost: Ksh 2,765,511 (Ksh 765,511 interest).
Monthly repayment
Ksh 46,092
At 13.57% · 60 payments
Total repayment
Ksh 2,765,511
1.38× the borrowed amount
Total interest
Ksh 765,511
Ksh 117,071 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 299,900 | Ksh 253,202 | Ksh 1,700,100 |
| Year 2 | Ksh 643,126 | Ksh 463,078 | Ksh 1,356,874 |
| Year 3 | Ksh 1,035,937 | Ksh 623,370 | Ksh 964,063 |
| Year 4 | Ksh 1,485,495 | Ksh 726,913 | Ksh 514,505 |
| Year 5 | Ksh 2,000,000 | Ksh 765,511 | 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 5 years would run about Ksh 42,849/month — saving Ksh 194,557 in interest. See the Citibank N.A. Kenya version →