Ksh 5,000,000 loan at Guardian Bank for 3 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 169,846. Total cost: Ksh 6,114,448 (Ksh 1,114,448 interest).
Monthly repayment
Ksh 169,846
At 13.57% · 36 payments
Total repayment
Ksh 6,114,448
1.22× the borrowed amount
Total interest
Ksh 1,114,448
Ksh 164,166 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 1,447,484 | Ksh 590,665 | Ksh 3,552,516 |
| Year 2 | Ksh 3,104,081 | Ksh 972,218 | Ksh 1,895,919 |
| Year 3 | Ksh 5,000,000 | Ksh 1,114,448 | 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 3 years would run about Ksh 162,182/month — saving Ksh 275,883 in interest. See the Citibank N.A. Kenya version →