Ksh 10,000,000 loan at ABSA Bank Kenya for 15 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 143,261. Total cost: Ksh 25,786,948 (Ksh 15,786,948 interest).
Monthly repayment
Ksh 143,261
At 15.48% · 180 payments
Total repayment
Ksh 25,786,948
2.58× the borrowed amount
Total interest
Ksh 15,786,948
Ksh 49,729 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 183,809 | Ksh 1,535,321 | Ksh 9,816,191 |
| Year 2 | Ksh 398,180 | Ksh 3,040,080 | Ksh 9,601,820 |
| Year 3 | Ksh 648,194 | Ksh 4,509,195 | Ksh 9,351,806 |
| Year 4 | Ksh 939,778 | Ksh 5,936,741 | Ksh 9,060,222 |
| Year 5 | Ksh 1,279,844 | Ksh 7,315,806 | Ksh 8,720,156 |
| Year 6 | Ksh 1,676,452 | Ksh 8,638,328 | Ksh 8,323,548 |
| Year 7 | Ksh 2,139,003 | Ksh 9,894,906 | Ksh 7,860,997 |
| Year 8 | Ksh 2,678,463 | Ksh 11,074,576 | Ksh 7,321,537 |
| Year 9 | Ksh 3,307,618 | Ksh 12,164,551 | Ksh 6,692,382 |
| Year 10 | Ksh 4,041,383 | Ksh 13,149,916 | Ksh 5,958,617 |
| Year 11 | Ksh 4,897,150 | Ksh 14,013,279 | Ksh 5,102,850 |
| Year 12 | Ksh 5,895,205 | Ksh 14,734,354 | Ksh 4,104,795 |
| Year 13 | Ksh 7,059,206 | Ksh 15,289,483 | Ksh 2,940,794 |
| Year 14 | Ksh 8,416,744 | Ksh 15,651,074 | Ksh 1,583,256 |
| Year 15 | Ksh 10,000,000 | Ksh 15,786,948 | 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 10,000,000 loan over 15 years would run about Ksh 109,674/month — saving Ksh 6,045,709 in interest. See the Citibank N.A. Kenya version →