Ksh 500,000 loan at Guardian Bank for 3 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 16,985. Total cost: Ksh 611,445 (Ksh 111,445 interest).
Monthly repayment
Ksh 16,985
At 13.57% · 36 payments
Total repayment
Ksh 611,445
1.22× the borrowed amount
Total interest
Ksh 111,445
Ksh 16,417 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 144,748 | Ksh 59,067 | Ksh 355,252 |
| Year 2 | Ksh 310,408 | Ksh 97,222 | Ksh 189,592 |
| Year 3 | Ksh 500,000 | Ksh 111,445 | 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 3 years would run about Ksh 16,218/month — saving Ksh 27,588 in interest. See the Citibank N.A. Kenya version →