Ksh 500,000 loan at ABSA Bank Kenya for 5 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 12,021. Total cost: Ksh 721,279 (Ksh 221,279 interest).
Monthly repayment
Ksh 12,021
At 15.48% · 60 payments
Total repayment
Ksh 721,279
1.44× the borrowed amount
Total interest
Ksh 221,279
Ksh 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 71,809 | Ksh 72,447 | Ksh 428,191 |
| Year 2 | Ksh 155,558 | Ksh 132,953 | Ksh 344,442 |
| Year 3 | Ksh 253,232 | Ksh 179,536 | Ksh 246,768 |
| Year 4 | Ksh 367,146 | Ksh 209,877 | Ksh 132,854 |
| Year 5 | Ksh 500,000 | Ksh 221,279 | 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 5 years would run about Ksh 10,712/month — saving Ksh 78,541 in interest. See the Citibank N.A. Kenya version →