ABSA Bank Kenya loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a ABSA Bank Kenya loan using the current 15.48% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 16,429
120 monthly payments
Estimated total repayment
Ksh 1,971,444
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 971,444
At 15.48%
Current ABSA Bank Kenya loan interest rate
ABSA Bank Kenya is listed at 15.48% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
Change loan details
Edit the values below; results update instantly.
Loan details
KESCentral Bank of Kenya · May 2025
-0.51 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 19,842
For 120 months · incl. fees
Total repaid
Ksh 2,258,487
Principal Ksh 1,000,000 + Ksh 1,258,487 extras
Effective APR
20.49%
Advertised rate 15.48% · 97.1% interest on principal
Repayment mix over 10 years
Early payments lean on interest; later ones clear principal.
Amortisation (yearly)
End of year · KES| Year | Interest paid | Principal paid | Balance |
|---|---|---|---|
| 0 | Ksh 0 | Ksh 0 | Ksh 1,000,000 |
| 1 | Ksh 151,663 | Ksh 45,482 | Ksh 954,518 |
| 2 | Ksh 295,763 | Ksh 98,526 | Ksh 901,474 |
| 3 | Ksh 431,044 | Ksh 160,389 | Ksh 839,611 |
| 4 | Ksh 556,039 | Ksh 232,539 | Ksh 767,461 |
| 5 | Ksh 669,037 | Ksh 316,685 | Ksh 683,315 |
| 6 | Ksh 768,045 | Ksh 414,821 | Ksh 585,179 |
| 7 | Ksh 850,736 | Ksh 529,275 | Ksh 470,725 |
| 8 | Ksh 914,396 | Ksh 662,759 | Ksh 337,241 |
| 9 | Ksh 955,862 | Ksh 818,437 | Ksh 181,563 |
| 10 | Ksh 971,444 | Ksh 1,000,000 | Ksh 0 |
What affects repayment?
Monthly repayment depends on loan amount, term, lending rate, processing fee, insurance and excise duty on interest.
Longer term tradeoff
A longer term can reduce monthly instalments but usually increases total interest paid over the life of the loan.
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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.