African Banking Corporation loan calculator for Ksh 1,000,000 over 15 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 15,610
180 monthly payments
Estimated total repayment
Ksh 2,809,850
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,809,850
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%.
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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 19,329
For 180 months · incl. fees
Total repaid
Ksh 3,306,376
Principal Ksh 1,000,000 + Ksh 2,306,376 extras
Effective APR
22.56%
Advertised rate 17.31% · 181.0% interest on principal
Repayment mix over 15 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 171,915 | Ksh 15,408 | Ksh 984,592 |
| 2 | Ksh 340,942 | Ksh 33,705 | Ksh 966,295 |
| 3 | Ksh 506,537 | Ksh 55,433 | Ksh 944,567 |
| 4 | Ksh 668,058 | Ksh 81,235 | Ksh 918,765 |
| 5 | Ksh 824,741 | Ksh 111,876 | Ksh 888,124 |
| 6 | Ksh 975,678 | Ksh 148,263 | Ksh 851,737 |
| 7 | Ksh 1,119,791 | Ksh 191,472 | Ksh 808,528 |
| 8 | Ksh 1,255,803 | Ksh 242,784 | Ksh 757,216 |
| 9 | Ksh 1,382,193 | Ksh 303,717 | Ksh 696,283 |
| 10 | Ksh 1,497,156 | Ksh 376,077 | Ksh 623,923 |
| 11 | Ksh 1,598,552 | Ksh 462,005 | Ksh 537,995 |
| 12 | Ksh 1,683,834 | Ksh 564,046 | Ksh 435,954 |
| 13 | Ksh 1,749,982 | Ksh 685,222 | Ksh 314,778 |
| 14 | Ksh 1,793,408 | Ksh 829,119 | Ksh 170,881 |
| 15 | Ksh 1,809,850 | 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.
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