African Banking Corporation loan calculator for Ksh 10,000,000 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 175,767
120 monthly payments
Estimated total repayment
Ksh 21,092,032
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 11,092,032
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 212,950
For 120 months · incl. fees
Total repaid
Ksh 24,206,226
Principal Ksh 10,000,000 + Ksh 14,206,226 extras
Effective APR
22.58%
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 10,000,000 |
| 1 | Ksh 1,699,504 | Ksh 409,700 | Ksh 9,590,300 |
| 2 | Ksh 3,322,182 | Ksh 896,224 | Ksh 9,103,776 |
| 3 | Ksh 4,853,630 | Ksh 1,473,980 | Ksh 8,526,020 |
| 4 | Ksh 6,276,739 | Ksh 2,160,074 | Ksh 7,839,926 |
| 5 | Ksh 7,571,195 | Ksh 2,974,821 | Ksh 7,025,179 |
| 6 | Ksh 8,712,874 | Ksh 3,942,346 | Ksh 6,057,654 |
| 7 | Ksh 9,673,126 | Ksh 5,091,296 | Ksh 4,908,704 |
| 8 | Ksh 10,417,932 | Ksh 6,455,694 | Ksh 3,544,306 |
| 9 | Ksh 10,906,892 | Ksh 8,075,936 | Ksh 1,924,064 |
| 10 | Ksh 11,092,032 | Ksh 10,000,000 | 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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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.