African Banking Corporation loan calculator for Ksh 500,000 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 7,805
180 monthly payments
Estimated total repayment
Ksh 1,404,925
Ksh 500,000 principal + interest
Estimated interest
Ksh 904,925
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 9,664
For 180 months · incl. fees
Total repaid
Ksh 1,655,688
Principal Ksh 500,000 + Ksh 1,155,688 extras
Effective APR
22.70%
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 500,000 |
| 1 | Ksh 85,958 | Ksh 7,704 | Ksh 492,296 |
| 2 | Ksh 170,471 | Ksh 16,852 | Ksh 483,148 |
| 3 | Ksh 253,269 | Ksh 27,717 | Ksh 472,284 |
| 4 | Ksh 334,029 | Ksh 40,618 | Ksh 459,382 |
| 5 | Ksh 412,370 | Ksh 55,938 | Ksh 444,062 |
| 6 | Ksh 487,839 | Ksh 74,131 | Ksh 425,869 |
| 7 | Ksh 559,896 | Ksh 95,736 | Ksh 404,264 |
| 8 | Ksh 627,902 | Ksh 121,392 | Ksh 378,608 |
| 9 | Ksh 691,096 | Ksh 151,859 | Ksh 348,141 |
| 10 | Ksh 748,578 | Ksh 188,039 | Ksh 311,961 |
| 11 | Ksh 799,276 | Ksh 231,003 | Ksh 268,997 |
| 12 | Ksh 841,917 | Ksh 282,023 | Ksh 217,977 |
| 13 | Ksh 874,991 | Ksh 342,611 | Ksh 157,389 |
| 14 | Ksh 896,704 | Ksh 414,560 | Ksh 85,440 |
| 15 | Ksh 904,925 | Ksh 500,000 | 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.