Ksh 10,000,000 loan at Gulf African Bank for 1 years.
At Gulf African Bank's current lending rate of 14.77%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 901,498. Total cost: Ksh 10,817,978 (Ksh 817,978 interest).
Monthly repayment
Ksh 901,498
At 14.77% · 12 payments
Total repayment
Ksh 10,817,978
1.08× the borrowed amount
Total interest
Ksh 817,978
Ksh 37,950 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 10,000,000 | Ksh 817,978 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 247,969 in interest. See the Citibank N.A. Kenya version →