African Banking Corporation loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a African Banking Corporation loan using the current 17.31% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 17,577
120 monthly payments
Estimated total repayment
Ksh 2,109,203
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,109,203
At 17.31%
Current African Banking Corporation loan interest rate
African Banking Corporation is listed at 17.31% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
Change loan details
Edit the values below; results update instantly.
Loan details
KESCentral Bank of Kenya · May 2025
+1.32 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 21,295
For 120 months · incl. fees
Total repaid
Ksh 2,425,123
Principal Ksh 1,000,000 + Ksh 1,425,123 extras
Effective APR
22.73%
Advertised rate 17.31% · 110.9% interest on principal
Repayment mix over 10 years
Early payments lean on interest; later ones clear principal.
Amortisation (yearly)
End of year · KES| Year | Interest paid | Principal paid | Balance |
|---|---|---|---|
| 0 | Ksh 0 | Ksh 0 | Ksh 1,000,000 |
| 1 | Ksh 169,950 | Ksh 40,970 | Ksh 959,030 |
| 2 | Ksh 332,218 | Ksh 89,622 | Ksh 910,378 |
| 3 | Ksh 485,363 | Ksh 147,398 | Ksh 852,602 |
| 4 | Ksh 627,674 | Ksh 216,007 | Ksh 783,993 |
| 5 | Ksh 757,120 | Ksh 297,482 | Ksh 702,518 |
| 6 | Ksh 871,287 | Ksh 394,235 | Ksh 605,765 |
| 7 | Ksh 967,313 | Ksh 509,130 | Ksh 490,870 |
| 8 | Ksh 1,041,793 | Ksh 645,569 | Ksh 354,431 |
| 9 | Ksh 1,090,689 | Ksh 807,594 | Ksh 192,406 |
| 10 | Ksh 1,109,203 | Ksh 1,000,000 | Ksh 0 |
What affects repayment?
Monthly repayment depends on loan amount, term, lending rate, processing fee, insurance and excise duty on interest.
Longer term tradeoff
A longer term can reduce monthly instalments but usually increases total interest paid over the life of the loan.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.