Ksh 10,000,000 loan at African Banking Corporation for 25 years.
At African Banking Corporation's current lending rate of 17.31%, a Ksh 10,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 146,241. Total cost: Ksh 43,872,321 (Ksh 33,872,321 interest).
Monthly repayment
Ksh 146,241
At 17.31% · 300 payments
Total repayment
Ksh 43,872,321
4.39× the borrowed amount
Total interest
Ksh 33,872,321
Ksh 4,420,429 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 25,883 | Ksh 1,729,010 | Ksh 9,974,117 |
| Year 2 | Ksh 56,619 | Ksh 3,453,167 | Ksh 9,943,381 |
| Year 3 | Ksh 93,118 | Ksh 5,171,560 | Ksh 9,906,882 |
| Year 4 | Ksh 136,462 | Ksh 6,883,110 | Ksh 9,863,538 |
| Year 5 | Ksh 187,933 | Ksh 8,586,531 | Ksh 9,812,067 |
| Year 6 | Ksh 249,056 | Ksh 10,280,301 | Ksh 9,750,944 |
| Year 7 | Ksh 321,640 | Ksh 11,962,609 | Ksh 9,678,360 |
| Year 8 | Ksh 407,836 | Ksh 13,631,307 | Ksh 9,592,164 |
| Year 9 | Ksh 510,194 | Ksh 15,283,842 | Ksh 9,489,806 |
| Year 10 | Ksh 631,746 | Ksh 16,917,183 | Ksh 9,368,254 |
| Year 11 | Ksh 776,091 | Ksh 18,527,731 | Ksh 9,223,909 |
| Year 12 | Ksh 947,502 | Ksh 20,111,212 | Ksh 9,052,498 |
| Year 13 | Ksh 1,151,056 | Ksh 21,662,550 | Ksh 8,848,944 |
| Year 14 | Ksh 1,392,780 | Ksh 23,175,720 | Ksh 8,607,220 |
| Year 15 | Ksh 1,679,830 | Ksh 24,643,562 | Ksh 8,320,170 |
| Year 16 | Ksh 2,020,707 | Ksh 26,057,578 | Ksh 7,979,293 |
| Year 17 | Ksh 2,425,504 | Ksh 27,407,674 | Ksh 7,574,496 |
| Year 18 | Ksh 2,906,207 | Ksh 28,681,864 | Ksh 7,093,793 |
| Year 19 | Ksh 3,477,048 | Ksh 29,865,915 | Ksh 6,522,952 |
| Year 20 | Ksh 4,154,932 | Ksh 30,942,925 | Ksh 5,845,068 |
| Year 21 | Ksh 4,959,929 | Ksh 31,892,821 | Ksh 5,040,071 |
| Year 22 | Ksh 5,915,875 | Ksh 32,691,767 | Ksh 4,084,125 |
| Year 23 | Ksh 7,051,077 | Ksh 33,311,458 | Ksh 2,948,923 |
| Year 24 | Ksh 8,399,146 | Ksh 33,718,281 | Ksh 1,600,854 |
| Year 25 | Ksh 10,000,000 | Ksh 33,872,321 | 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 10,000,000 loan over 25 years would run about Ksh 93,420/month — saving Ksh 15,846,305 in interest. See the Citibank N.A. Kenya version →