ABSA Bank Kenya loan calculator for Ksh 1,000,000 over 20 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 13,524
240 monthly payments
Estimated total repayment
Ksh 3,245,738
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,245,740
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 16,937
For 240 months · incl. fees
Total repaid
Ksh 3,869,961
Principal Ksh 1,000,000 + Ksh 2,869,961 extras
Effective APR
20.25%
Advertised rate 15.48% · 224.6% interest on principal
Repayment mix over 20 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 154,245 | Ksh 8,042 | Ksh 991,958 |
| 2 | Ksh 307,153 | Ksh 17,420 | Ksh 982,580 |
| 3 | Ksh 458,502 | Ksh 28,359 | Ksh 971,641 |
| 4 | Ksh 608,032 | Ksh 41,116 | Ksh 958,884 |
| 5 | Ksh 755,441 | Ksh 55,994 | Ksh 944,006 |
| 6 | Ksh 900,377 | Ksh 73,345 | Ksh 926,655 |
| 7 | Ksh 1,042,427 | Ksh 93,582 | Ksh 906,418 |
| 8 | Ksh 1,181,112 | Ksh 117,183 | Ksh 882,817 |
| 9 | Ksh 1,315,874 | Ksh 144,709 | Ksh 855,291 |
| 10 | Ksh 1,446,058 | Ksh 176,812 | Ksh 823,188 |
| 11 | Ksh 1,570,905 | Ksh 214,252 | Ksh 785,748 |
| 12 | Ksh 1,689,527 | Ksh 257,917 | Ksh 742,083 |
| 13 | Ksh 1,800,889 | Ksh 308,842 | Ksh 691,158 |
| 14 | Ksh 1,903,783 | Ksh 368,235 | Ksh 631,765 |
| 15 | Ksh 1,996,802 | Ksh 437,503 | Ksh 562,497 |
| 16 | Ksh 2,078,304 | Ksh 518,288 | Ksh 481,712 |
| 17 | Ksh 2,146,374 | Ksh 612,505 | Ksh 387,495 |
| 18 | Ksh 2,198,778 | Ksh 722,387 | Ksh 277,613 |
| 19 | Ksh 2,232,913 | Ksh 850,540 | Ksh 149,460 |
| 20 | Ksh 2,245,740 | 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.