Ksh 5,000,000 loan at ABSA Bank Kenya for 15 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 71,630. Total cost: Ksh 12,893,474 (Ksh 7,893,474 interest).
Monthly repayment
Ksh 71,630
At 15.48% · 180 payments
Total repayment
Ksh 12,893,474
2.58× the borrowed amount
Total interest
Ksh 7,893,474
Ksh 24,864 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 91,905 | Ksh 767,660 | Ksh 4,908,095 |
| Year 2 | Ksh 199,090 | Ksh 1,520,040 | Ksh 4,800,910 |
| Year 3 | Ksh 324,097 | Ksh 2,254,598 | Ksh 4,675,903 |
| Year 4 | Ksh 469,889 | Ksh 2,968,371 | Ksh 4,530,111 |
| Year 5 | Ksh 639,922 | Ksh 3,657,903 | Ksh 4,360,078 |
| Year 6 | Ksh 838,226 | Ksh 4,319,164 | Ksh 4,161,774 |
| Year 7 | Ksh 1,069,502 | Ksh 4,947,453 | Ksh 3,930,498 |
| Year 8 | Ksh 1,339,231 | Ksh 5,537,288 | Ksh 3,660,769 |
| Year 9 | Ksh 1,653,809 | Ksh 6,082,275 | Ksh 3,346,191 |
| Year 10 | Ksh 2,020,691 | Ksh 6,574,958 | Ksh 2,979,309 |
| Year 11 | Ksh 2,448,575 | Ksh 7,006,639 | Ksh 2,551,425 |
| Year 12 | Ksh 2,947,603 | Ksh 7,367,177 | Ksh 2,052,397 |
| Year 13 | Ksh 3,529,603 | Ksh 7,644,741 | Ksh 1,470,397 |
| Year 14 | Ksh 4,208,372 | Ksh 7,825,537 | Ksh 791,628 |
| Year 15 | Ksh 5,000,000 | Ksh 7,893,474 | 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 15 years would run about Ksh 54,837/month — saving Ksh 3,022,855 in interest. See the Citibank N.A. Kenya version →