Ksh 5,000,000 loan at Guardian Bank for 5 years.
At Guardian Bank's current lending rate of 13.57%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 115,230. Total cost: Ksh 6,913,777 (Ksh 1,913,777 interest).
Monthly repayment
Ksh 115,230
At 13.57% · 60 payments
Total repayment
Ksh 6,913,777
1.38× the borrowed amount
Total interest
Ksh 1,913,777
Ksh 292,677 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 749,751 | Ksh 633,004 | Ksh 4,250,249 |
| Year 2 | Ksh 1,607,816 | Ksh 1,157,695 | Ksh 3,392,184 |
| Year 3 | Ksh 2,589,842 | Ksh 1,558,424 | Ksh 2,410,158 |
| Year 4 | Ksh 3,713,739 | Ksh 1,817,283 | Ksh 1,286,261 |
| Year 5 | Ksh 5,000,000 | Ksh 1,913,777 | 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 5 years would run about Ksh 107,123/month — saving Ksh 486,394 in interest. See the Citibank N.A. Kenya version →