African Banking Corporation loan calculator for Ksh 10,000,000 over 5 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 250,196
60 monthly payments
Estimated total repayment
Ksh 15,011,739
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 5,011,739
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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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 287,379
For 60 months · incl. fees
Total repaid
Ksh 16,558,616
Principal Ksh 10,000,000 + Ksh 6,558,616 extras
Effective APR
23.06%
Advertised rate 17.31% · 50.1% interest on principal
Repayment mix over 5 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 1,625,123 | Ksh 1,377,224 | Ksh 8,622,776 |
| 2 | Ksh 2,991,996 | Ksh 3,012,700 | Ksh 6,987,300 |
| 3 | Ksh 4,052,191 | Ksh 4,954,853 | Ksh 5,045,147 |
| 4 | Ksh 4,748,202 | Ksh 7,261,189 | Ksh 2,738,811 |
| 5 | Ksh 5,011,739 | 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.