Ksh 5,000,000 loan at ABSA Bank Kenya for 25 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 5,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 65,909. Total cost: Ksh 19,772,763 (Ksh 14,772,762 interest).
Monthly repayment
Ksh 65,909
At 15.48% · 300 payments
Total repayment
Ksh 19,772,763
3.95× the borrowed amount
Total interest
Ksh 14,772,762
Ksh 46,816 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 18,163 | Ksh 772,747 | Ksh 4,981,837 |
| Year 2 | Ksh 39,347 | Ksh 1,542,474 | Ksh 4,960,653 |
| Year 3 | Ksh 64,052 | Ksh 2,308,679 | Ksh 4,935,948 |
| Year 4 | Ksh 92,866 | Ksh 3,070,776 | Ksh 4,907,134 |
| Year 5 | Ksh 126,470 | Ksh 3,828,083 | Ksh 4,873,530 |
| Year 6 | Ksh 165,661 | Ksh 4,579,802 | Ksh 4,834,339 |
| Year 7 | Ksh 211,369 | Ksh 5,325,004 | Ksh 4,788,631 |
| Year 8 | Ksh 264,677 | Ksh 6,062,607 | Ksh 4,735,323 |
| Year 9 | Ksh 326,848 | Ksh 6,791,347 | Ksh 4,673,152 |
| Year 10 | Ksh 399,356 | Ksh 7,509,749 | Ksh 4,600,644 |
| Year 11 | Ksh 483,920 | Ksh 8,216,095 | Ksh 4,516,080 |
| Year 12 | Ksh 582,544 | Ksh 8,908,381 | Ksh 4,417,456 |
| Year 13 | Ksh 697,567 | Ksh 9,584,269 | Ksh 4,302,433 |
| Year 14 | Ksh 831,714 | Ksh 10,241,032 | Ksh 4,168,286 |
| Year 15 | Ksh 988,166 | Ksh 10,875,491 | Ksh 4,011,834 |
| Year 16 | Ksh 1,170,632 | Ksh 11,483,936 | Ksh 3,829,368 |
| Year 17 | Ksh 1,383,435 | Ksh 12,062,043 | Ksh 3,616,565 |
| Year 18 | Ksh 1,631,621 | Ksh 12,604,767 | Ksh 3,368,379 |
| Year 19 | Ksh 1,921,073 | Ksh 13,106,226 | Ksh 3,078,927 |
| Year 20 | Ksh 2,258,652 | Ksh 13,559,557 | Ksh 2,741,348 |
| Year 21 | Ksh 2,652,360 | Ksh 13,956,760 | Ksh 2,347,640 |
| Year 22 | Ksh 3,111,530 | Ksh 14,288,501 | Ksh 1,888,470 |
| Year 23 | Ksh 3,647,045 | Ksh 14,543,896 | Ksh 1,352,955 |
| Year 24 | Ksh 4,271,600 | Ksh 14,710,251 | Ksh 728,400 |
| Year 25 | Ksh 5,000,000 | Ksh 14,772,762 | 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 25 years would run about Ksh 46,710/month — saving Ksh 5,759,754 in interest. See the Citibank N.A. Kenya version →