Ksh 500,000 loan at Guardian Bank for 5 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 11,523. Total cost: Ksh 691,378 (Ksh 191,378 interest).
Monthly repayment
Ksh 11,523
At 13.57% · 60 payments
Total repayment
Ksh 691,378
1.38× the borrowed amount
Total interest
Ksh 191,378
Ksh 29,268 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 74,975 | Ksh 63,300 | Ksh 425,025 |
| Year 2 | Ksh 160,782 | Ksh 115,770 | Ksh 339,218 |
| Year 3 | Ksh 258,984 | Ksh 155,842 | Ksh 241,016 |
| Year 4 | Ksh 371,374 | Ksh 181,728 | Ksh 128,626 |
| Year 5 | Ksh 500,000 | Ksh 191,378 | 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 5 years would run about Ksh 10,712/month — saving Ksh 48,639 in interest. See the Citibank N.A. Kenya version →