Ksh 2,000,000 loan at ABSA Bank Kenya for 25 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 2,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 26,364. Total cost: Ksh 7,909,104 (Ksh 5,909,105 interest).
Monthly repayment
Ksh 26,364
At 15.48% · 300 payments
Total repayment
Ksh 7,909,104
3.95× the borrowed amount
Total interest
Ksh 5,909,105
Ksh 18,727 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 7,265 | Ksh 309,099 | Ksh 1,992,735 |
| Year 2 | Ksh 15,739 | Ksh 616,990 | Ksh 1,984,261 |
| Year 3 | Ksh 25,621 | Ksh 923,472 | Ksh 1,974,379 |
| Year 4 | Ksh 37,146 | Ksh 1,228,310 | Ksh 1,962,854 |
| Year 5 | Ksh 50,588 | Ksh 1,531,233 | Ksh 1,949,412 |
| Year 6 | Ksh 66,265 | Ksh 1,831,921 | Ksh 1,933,735 |
| Year 7 | Ksh 84,548 | Ksh 2,130,002 | Ksh 1,915,452 |
| Year 8 | Ksh 105,871 | Ksh 2,425,043 | Ksh 1,894,129 |
| Year 9 | Ksh 130,739 | Ksh 2,716,539 | Ksh 1,869,261 |
| Year 10 | Ksh 159,742 | Ksh 3,003,900 | Ksh 1,840,258 |
| Year 11 | Ksh 193,568 | Ksh 3,286,438 | Ksh 1,806,432 |
| Year 12 | Ksh 233,018 | Ksh 3,563,353 | Ksh 1,766,982 |
| Year 13 | Ksh 279,027 | Ksh 3,833,708 | Ksh 1,720,973 |
| Year 14 | Ksh 332,686 | Ksh 4,096,413 | Ksh 1,667,314 |
| Year 15 | Ksh 395,267 | Ksh 4,350,196 | Ksh 1,604,733 |
| Year 16 | Ksh 468,253 | Ksh 4,593,574 | Ksh 1,531,747 |
| Year 17 | Ksh 553,374 | Ksh 4,824,817 | Ksh 1,446,626 |
| Year 18 | Ksh 652,649 | Ksh 5,041,907 | Ksh 1,347,351 |
| Year 19 | Ksh 768,429 | Ksh 5,242,490 | Ksh 1,231,571 |
| Year 20 | Ksh 903,461 | Ksh 5,423,823 | Ksh 1,096,539 |
| Year 21 | Ksh 1,060,944 | Ksh 5,582,704 | Ksh 939,056 |
| Year 22 | Ksh 1,244,612 | Ksh 5,715,400 | Ksh 755,388 |
| Year 23 | Ksh 1,458,818 | Ksh 5,817,558 | Ksh 541,182 |
| Year 24 | Ksh 1,708,640 | Ksh 5,884,100 | Ksh 291,360 |
| Year 25 | Ksh 2,000,000 | Ksh 5,909,105 | 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 2,000,000 loan over 25 years would run about Ksh 18,684/month — saving Ksh 2,303,902 in interest. See the Citibank N.A. Kenya version →