Ksh 500,000 loan at Guardian Bank for 10 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 7,635. Total cost: Ksh 916,148 (Ksh 416,149 interest).
Monthly repayment
Ksh 7,635
At 13.57% · 120 payments
Total repayment
Ksh 916,148
1.83× the borrowed amount
Total interest
Ksh 416,149
Ksh 68,091 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 25,300 | Ksh 66,315 | Ksh 474,700 |
| Year 2 | Ksh 54,255 | Ksh 128,975 | Ksh 445,745 |
| Year 3 | Ksh 87,393 | Ksh 187,451 | Ksh 412,607 |
| Year 4 | Ksh 125,319 | Ksh 241,141 | Ksh 374,681 |
| Year 5 | Ksh 168,723 | Ksh 289,351 | Ksh 331,277 |
| Year 6 | Ksh 218,398 | Ksh 331,291 | Ksh 281,602 |
| Year 7 | Ksh 275,250 | Ksh 366,054 | Ksh 224,750 |
| Year 8 | Ksh 340,314 | Ksh 392,605 | Ksh 159,686 |
| Year 9 | Ksh 414,778 | Ksh 409,756 | Ksh 85,222 |
| Year 10 | Ksh 500,000 | Ksh 416,149 | 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 500,000 loan over 10 years would run about Ksh 6,708/month — saving Ksh 111,235 in interest. See the Citibank N.A. Kenya version →