African Banking Corporation loan calculator for Ksh 1,000,000 over 2 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 49,591
24 monthly payments
Estimated total repayment
Ksh 1,190,192
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 190,192
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 53,310
For 24 months · incl. fees
Total repaid
Ksh 1,269,218
Principal Ksh 1,000,000 + Ksh 269,218 extras
Effective APR
25.03%
Advertised rate 17.31% · 19.0% interest on principal
Repayment mix over 2 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 137,957 | Ksh 457,140 | Ksh 542,860 |
| 2 | Ksh 190,192 | 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.