Ksh 500,000 loan at Guardian Bank for 2 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 500,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 23,905. Total cost: Ksh 573,720 (Ksh 73,720 interest).
Monthly repayment
Ksh 23,905
At 13.57% · 24 payments
Total repayment
Ksh 573,720
1.15× the borrowed amount
Total interest
Ksh 73,720
Ksh 10,632 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 233,158 | Ksh 53,702 | Ksh 266,842 |
| Year 2 | Ksh 500,000 | Ksh 73,720 | 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 2 years would run about Ksh 23,156/month — saving Ksh 17,985 in interest. See the Citibank N.A. Kenya version →