Ksh 500,000 loan at ABSA Bank Kenya for 10 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 8,214. Total cost: Ksh 985,722 (Ksh 485,722 interest).
Monthly repayment
Ksh 8,214
At 15.48% · 120 payments
Total repayment
Ksh 985,722
1.97× the borrowed amount
Total interest
Ksh 485,722
Ksh 1,482 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 22,741 | Ksh 75,831 | Ksh 477,259 |
| Year 2 | Ksh 49,263 | Ksh 147,882 | Ksh 450,737 |
| Year 3 | Ksh 80,195 | Ksh 215,522 | Ksh 419,805 |
| Year 4 | Ksh 116,269 | Ksh 278,019 | Ksh 383,731 |
| Year 5 | Ksh 158,342 | Ksh 334,519 | Ksh 341,658 |
| Year 6 | Ksh 207,411 | Ksh 384,023 | Ksh 292,589 |
| Year 7 | Ksh 264,638 | Ksh 425,368 | Ksh 235,362 |
| Year 8 | Ksh 331,380 | Ksh 457,198 | Ksh 168,620 |
| Year 9 | Ksh 409,219 | Ksh 477,931 | Ksh 90,781 |
| Year 10 | Ksh 500,000 | Ksh 485,722 | 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 500,000 loan over 10 years would run about Ksh 6,708/month — saving Ksh 180,808 in interest. See the Citibank N.A. Kenya version →