ABSA Bank Kenya loan calculator for Ksh 1,000,000 over 15 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 14,326
180 monthly payments
Estimated total repayment
Ksh 2,578,694
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,578,695
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%.
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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 17,739
For 180 months · incl. fees
Total repaid
Ksh 3,026,417
Principal Ksh 1,000,000 + Ksh 2,026,417 extras
Effective APR
20.32%
Advertised rate 15.48% · 157.9% interest on principal
Repayment mix over 15 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 153,532 | Ksh 18,381 | Ksh 981,619 |
| 2 | Ksh 304,008 | Ksh 39,818 | Ksh 960,182 |
| 3 | Ksh 450,920 | Ksh 64,819 | Ksh 935,181 |
| 4 | Ksh 593,674 | Ksh 93,978 | Ksh 906,022 |
| 5 | Ksh 731,581 | Ksh 127,984 | Ksh 872,016 |
| 6 | Ksh 863,833 | Ksh 167,645 | Ksh 832,355 |
| 7 | Ksh 989,491 | Ksh 213,900 | Ksh 786,100 |
| 8 | Ksh 1,107,458 | Ksh 267,846 | Ksh 732,154 |
| 9 | Ksh 1,216,455 | Ksh 330,762 | Ksh 669,238 |
| 10 | Ksh 1,314,992 | Ksh 404,138 | Ksh 595,862 |
| 11 | Ksh 1,401,328 | Ksh 489,715 | Ksh 510,285 |
| 12 | Ksh 1,473,435 | Ksh 589,521 | Ksh 410,480 |
| 13 | Ksh 1,528,948 | Ksh 705,921 | Ksh 294,079 |
| 14 | Ksh 1,565,107 | Ksh 841,674 | Ksh 158,326 |
| 15 | Ksh 1,578,695 | 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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