Ksh 5,000,000 loan at Gulf African Bank for 15 years.
At Gulf African Bank's current lending rate of 14.77%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 69,193. Total cost: Ksh 12,454,807 (Ksh 7,454,807 interest).
Monthly repayment
Ksh 69,193
At 14.77% · 180 payments
Total repayment
Ksh 12,454,807
2.49× the borrowed amount
Total interest
Ksh 7,454,807
Ksh 413,803 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 98,299 | Ksh 732,022 | Ksh 4,901,701 |
| Year 2 | Ksh 212,140 | Ksh 1,448,501 | Ksh 4,787,860 |
| Year 3 | Ksh 343,982 | Ksh 2,146,979 | Ksh 4,656,018 |
| Year 4 | Ksh 496,672 | Ksh 2,824,610 | Ksh 4,503,328 |
| Year 5 | Ksh 673,504 | Ksh 3,478,098 | Ksh 4,326,496 |
| Year 6 | Ksh 878,298 | Ksh 4,103,625 | Ksh 4,121,702 |
| Year 7 | Ksh 1,115,473 | Ksh 4,696,770 | Ksh 3,884,527 |
| Year 8 | Ksh 1,390,151 | Ksh 5,252,413 | Ksh 3,609,849 |
| Year 9 | Ksh 1,708,261 | Ksh 5,764,624 | Ksh 3,291,739 |
| Year 10 | Ksh 2,076,670 | Ksh 6,226,535 | Ksh 2,923,330 |
| Year 11 | Ksh 2,503,333 | Ksh 6,630,192 | Ksh 2,496,667 |
| Year 12 | Ksh 2,997,460 | Ksh 6,966,386 | Ksh 2,002,540 |
| Year 13 | Ksh 3,569,718 | Ksh 7,224,448 | Ksh 1,430,282 |
| Year 14 | Ksh 4,232,462 | Ksh 7,392,024 | Ksh 767,538 |
| Year 15 | Ksh 5,000,000 | Ksh 7,454,807 | 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 2,584,188 in interest. See the Citibank N.A. Kenya version →