Ksh 10,000,000 loan at ABSA Bank Kenya for 25 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 10,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 131,818. Total cost: Ksh 39,545,523 (Ksh 29,545,524 interest).
Monthly repayment
Ksh 131,818
At 15.48% · 300 payments
Total repayment
Ksh 39,545,523
3.95× the borrowed amount
Total interest
Ksh 29,545,524
Ksh 93,633 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 36,327 | Ksh 1,545,494 | Ksh 9,963,673 |
| Year 2 | Ksh 78,694 | Ksh 3,084,948 | Ksh 9,921,306 |
| Year 3 | Ksh 128,105 | Ksh 4,617,358 | Ksh 9,871,895 |
| Year 4 | Ksh 185,731 | Ksh 6,141,552 | Ksh 9,814,269 |
| Year 5 | Ksh 252,940 | Ksh 7,656,165 | Ksh 9,747,060 |
| Year 6 | Ksh 331,323 | Ksh 9,159,603 | Ksh 9,668,677 |
| Year 7 | Ksh 422,738 | Ksh 10,650,009 | Ksh 9,577,262 |
| Year 8 | Ksh 529,353 | Ksh 12,125,214 | Ksh 9,470,647 |
| Year 9 | Ksh 653,695 | Ksh 13,582,693 | Ksh 9,346,305 |
| Year 10 | Ksh 798,712 | Ksh 15,019,498 | Ksh 9,201,288 |
| Year 11 | Ksh 967,840 | Ksh 16,432,191 | Ksh 9,032,160 |
| Year 12 | Ksh 1,165,089 | Ksh 17,816,763 | Ksh 8,834,911 |
| Year 13 | Ksh 1,395,134 | Ksh 19,168,538 | Ksh 8,604,866 |
| Year 14 | Ksh 1,663,429 | Ksh 20,482,065 | Ksh 8,336,571 |
| Year 15 | Ksh 1,976,333 | Ksh 21,750,982 | Ksh 8,023,667 |
| Year 16 | Ksh 2,341,263 | Ksh 22,967,872 | Ksh 7,658,737 |
| Year 17 | Ksh 2,766,870 | Ksh 24,124,086 | Ksh 7,233,130 |
| Year 18 | Ksh 3,263,243 | Ksh 25,209,535 | Ksh 6,736,757 |
| Year 19 | Ksh 3,842,147 | Ksh 26,212,452 | Ksh 6,157,853 |
| Year 20 | Ksh 4,517,305 | Ksh 27,119,115 | Ksh 5,482,695 |
| Year 21 | Ksh 5,304,721 | Ksh 27,913,520 | Ksh 4,695,279 |
| Year 22 | Ksh 6,223,060 | Ksh 28,577,001 | Ksh 3,776,940 |
| Year 23 | Ksh 7,294,091 | Ksh 29,087,792 | Ksh 2,705,909 |
| Year 24 | Ksh 8,543,201 | Ksh 29,420,502 | Ksh 1,456,799 |
| Year 25 | Ksh 10,000,000 | Ksh 29,545,524 | 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 25 years would run about Ksh 93,420/month — saving Ksh 11,519,509 in interest. See the Citibank N.A. Kenya version →