Ksh 5,000,000 loan at Guardian Bank for 10 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 76,346. Total cost: Ksh 9,161,489 (Ksh 4,161,489 interest).
Monthly repayment
Ksh 76,346
At 13.57% · 120 payments
Total repayment
Ksh 9,161,489
1.83× the borrowed amount
Total interest
Ksh 4,161,489
Ksh 680,913 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 253,001 | Ksh 663,148 | Ksh 4,746,999 |
| Year 2 | Ksh 542,553 | Ksh 1,289,745 | Ksh 4,457,447 |
| Year 3 | Ksh 873,934 | Ksh 1,874,512 | Ksh 4,126,066 |
| Year 4 | Ksh 1,253,190 | Ksh 2,411,406 | Ksh 3,746,810 |
| Year 5 | Ksh 1,687,235 | Ksh 2,893,510 | Ksh 3,312,765 |
| Year 6 | Ksh 2,183,985 | Ksh 3,312,909 | Ksh 2,816,015 |
| Year 7 | Ksh 2,752,498 | Ksh 3,660,544 | Ksh 2,247,502 |
| Year 8 | Ksh 3,403,143 | Ksh 3,926,048 | Ksh 1,596,857 |
| Year 9 | Ksh 4,147,784 | Ksh 4,097,556 | Ksh 852,216 |
| Year 10 | Ksh 5,000,000 | Ksh 4,161,489 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 1,112,351 in interest. See the Citibank N.A. Kenya version →