Ksh 1,000,000 loan at ABSA Bank Kenya for 25 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 13,182. Total cost: Ksh 3,954,552 (Ksh 2,954,552 interest).
Monthly repayment
Ksh 13,182
At 15.48% · 300 payments
Total repayment
Ksh 3,954,552
3.95× the borrowed amount
Total interest
Ksh 2,954,552
Ksh 9,363 more 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 3,633 | Ksh 154,549 | Ksh 996,367 |
| Year 2 | Ksh 7,869 | Ksh 308,495 | Ksh 992,131 |
| Year 3 | Ksh 12,810 | Ksh 461,736 | Ksh 987,190 |
| Year 4 | Ksh 18,573 | Ksh 614,155 | Ksh 981,427 |
| Year 5 | Ksh 25,294 | Ksh 765,617 | Ksh 974,706 |
| Year 6 | Ksh 33,132 | Ksh 915,960 | Ksh 966,868 |
| Year 7 | Ksh 42,274 | Ksh 1,065,001 | Ksh 957,726 |
| Year 8 | Ksh 52,935 | Ksh 1,212,521 | Ksh 947,065 |
| Year 9 | Ksh 65,370 | Ksh 1,358,269 | Ksh 934,630 |
| Year 10 | Ksh 79,871 | Ksh 1,501,950 | Ksh 920,129 |
| Year 11 | Ksh 96,784 | Ksh 1,643,219 | Ksh 903,216 |
| Year 12 | Ksh 116,509 | Ksh 1,781,676 | Ksh 883,491 |
| Year 13 | Ksh 139,513 | Ksh 1,916,854 | Ksh 860,487 |
| Year 14 | Ksh 166,343 | Ksh 2,048,206 | Ksh 833,657 |
| Year 15 | Ksh 197,633 | Ksh 2,175,098 | Ksh 802,367 |
| Year 16 | Ksh 234,126 | Ksh 2,296,787 | Ksh 765,874 |
| Year 17 | Ksh 276,687 | Ksh 2,412,409 | Ksh 723,313 |
| Year 18 | Ksh 326,324 | Ksh 2,520,953 | Ksh 673,676 |
| Year 19 | Ksh 384,215 | Ksh 2,621,245 | Ksh 615,785 |
| Year 20 | Ksh 451,730 | Ksh 2,711,911 | Ksh 548,270 |
| Year 21 | Ksh 530,472 | Ksh 2,791,352 | Ksh 469,528 |
| Year 22 | Ksh 622,306 | Ksh 2,857,700 | Ksh 377,694 |
| Year 23 | Ksh 729,409 | Ksh 2,908,779 | Ksh 270,591 |
| Year 24 | Ksh 854,320 | Ksh 2,942,050 | Ksh 145,680 |
| Year 25 | Ksh 1,000,000 | Ksh 2,954,552 | 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 1,000,000 loan over 25 years would run about Ksh 9,342/month — saving Ksh 1,151,951 in interest. See the Citibank N.A. Kenya version →