Ksh 2,000,000 loan at ABSA Bank Kenya for 3 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 69,802. Total cost: Ksh 2,512,861 (Ksh 512,861 interest).
Monthly repayment
Ksh 69,802
At 15.48% · 36 payments
Total repayment
Ksh 2,512,861
1.26× the borrowed amount
Total interest
Ksh 512,861
Ksh 1,416 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 567,142 | Ksh 270,478 | Ksh 1,432,858 |
| Year 2 | Ksh 1,228,582 | Ksh 446,658 | Ksh 771,418 |
| Year 3 | Ksh 2,000,000 | Ksh 512,861 | 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 3 years would run about Ksh 64,873/month — saving Ksh 177,435 in interest. See the Citibank N.A. Kenya version →