African Banking Corporation loan calculator for Ksh 5,000,000 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 87,883
120 monthly payments
Estimated total repayment
Ksh 10,546,016
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 5,546,016
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 106,475
For 120 months · incl. fees
Total repaid
Ksh 12,105,613
Principal Ksh 5,000,000 + Ksh 7,105,613 extras
Effective APR
22.60%
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 5,000,000 |
| 1 | Ksh 849,752 | Ksh 204,850 | Ksh 4,795,150 |
| 2 | Ksh 1,661,091 | Ksh 448,112 | Ksh 4,551,888 |
| 3 | Ksh 2,426,815 | Ksh 736,990 | Ksh 4,263,010 |
| 4 | Ksh 3,138,370 | Ksh 1,080,037 | Ksh 3,919,963 |
| 5 | Ksh 3,785,598 | Ksh 1,487,410 | Ksh 3,512,590 |
| 6 | Ksh 4,356,437 | Ksh 1,971,173 | Ksh 3,028,827 |
| 7 | Ksh 4,836,563 | Ksh 2,545,648 | Ksh 2,454,352 |
| 8 | Ksh 5,208,966 | Ksh 3,227,847 | Ksh 1,772,153 |
| 9 | Ksh 5,453,446 | Ksh 4,037,968 | Ksh 962,032 |
| 10 | Ksh 5,546,016 | Ksh 5,000,000 | 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.