Ksh 5,000,000 loan at ABSA Bank Kenya for 10 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 82,144. Total cost: Ksh 9,857,220 (Ksh 4,857,220 interest).
Monthly repayment
Ksh 82,144
At 15.48% · 120 payments
Total repayment
Ksh 9,857,220
1.97× the borrowed amount
Total interest
Ksh 4,857,220
Ksh 14,818 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 227,409 | Ksh 758,313 | Ksh 4,772,591 |
| Year 2 | Ksh 492,628 | Ksh 1,478,815 | Ksh 4,507,372 |
| Year 3 | Ksh 801,946 | Ksh 2,155,220 | Ksh 4,198,054 |
| Year 4 | Ksh 1,162,694 | Ksh 2,780,194 | Ksh 3,837,306 |
| Year 5 | Ksh 1,583,423 | Ksh 3,345,187 | Ksh 3,416,577 |
| Year 6 | Ksh 2,074,106 | Ksh 3,840,225 | Ksh 2,925,894 |
| Year 7 | Ksh 2,646,375 | Ksh 4,253,678 | Ksh 2,353,625 |
| Year 8 | Ksh 3,313,795 | Ksh 4,571,981 | Ksh 1,686,205 |
| Year 9 | Ksh 4,092,186 | Ksh 4,779,311 | Ksh 907,814 |
| Year 10 | Ksh 5,000,000 | Ksh 4,857,220 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 1,808,082 in interest. See the Citibank N.A. Kenya version →