Ksh 5,000,000 loan at ABSA Bank Kenya for 5 years.
At ABSA Bank Kenya's current lending rate of 15.48%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 120,213. Total cost: Ksh 7,212,789 (Ksh 2,212,789 interest).
Monthly repayment
Ksh 120,213
At 15.48% · 60 payments
Total repayment
Ksh 7,212,789
1.44× the borrowed amount
Total interest
Ksh 2,212,789
Ksh 6,334 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 718,092 | Ksh 724,466 | Ksh 4,281,908 |
| Year 2 | Ksh 1,555,581 | Ksh 1,329,535 | Ksh 3,444,419 |
| Year 3 | Ksh 2,532,318 | Ksh 1,795,355 | Ksh 2,467,682 |
| Year 4 | Ksh 3,671,457 | Ksh 2,098,774 | Ksh 1,328,543 |
| Year 5 | Ksh 5,000,000 | Ksh 2,212,789 | 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 5 years would run about Ksh 107,123/month — saving Ksh 785,405 in interest. See the Citibank N.A. Kenya version →