Ksh 5,000,000 loan at Guardian Bank for 15 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 65,149. Total cost: Ksh 11,726,795 (Ksh 6,726,794 interest).
Monthly repayment
Ksh 65,149
At 13.57% · 180 payments
Total repayment
Ksh 11,726,795
2.35× the borrowed amount
Total interest
Ksh 6,726,794
Ksh 1,141,816 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 109,959 | Ksh 671,828 | Ksh 4,890,041 |
| Year 2 | Ksh 235,803 | Ksh 1,327,770 | Ksh 4,764,197 |
| Year 3 | Ksh 379,827 | Ksh 1,965,532 | Ksh 4,620,173 |
| Year 4 | Ksh 544,658 | Ksh 2,582,487 | Ksh 4,455,342 |
| Year 5 | Ksh 733,301 | Ksh 3,175,630 | Ksh 4,266,699 |
| Year 6 | Ksh 949,197 | Ksh 3,741,520 | Ksh 4,050,803 |
| Year 7 | Ksh 1,196,283 | Ksh 4,276,221 | Ksh 3,803,717 |
| Year 8 | Ksh 1,479,064 | Ksh 4,775,226 | Ksh 3,520,936 |
| Year 9 | Ksh 1,802,698 | Ksh 5,233,379 | Ksh 3,197,302 |
| Year 10 | Ksh 2,173,086 | Ksh 5,644,777 | Ksh 2,826,914 |
| Year 11 | Ksh 2,596,982 | Ksh 6,002,667 | Ksh 2,403,018 |
| Year 12 | Ksh 3,082,117 | Ksh 6,299,318 | Ksh 1,917,883 |
| Year 13 | Ksh 3,637,338 | Ksh 6,525,883 | Ksh 1,362,662 |
| Year 14 | Ksh 4,272,770 | Ksh 6,672,238 | Ksh 727,230 |
| Year 15 | Ksh 5,000,000 | Ksh 6,726,794 | 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 15 years would run about Ksh 54,837/month — saving Ksh 1,856,174 in interest. See the Citibank N.A. Kenya version →