African Banking Corporation loan calculator for Ksh 5,000,000 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 78,051
180 monthly payments
Estimated total repayment
Ksh 14,049,252
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 9,049,252
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
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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 96,643
For 180 months · incl. fees
Total repaid
Ksh 16,511,878
Principal Ksh 5,000,000 + Ksh 11,511,878 extras
Effective APR
22.46%
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 5,000,000 |
| 1 | Ksh 859,577 | Ksh 77,039 | Ksh 4,922,961 |
| 2 | Ksh 1,704,709 | Ksh 168,525 | Ksh 4,831,475 |
| 3 | Ksh 2,532,685 | Ksh 277,165 | Ksh 4,722,835 |
| 4 | Ksh 3,340,290 | Ksh 406,177 | Ksh 4,593,823 |
| 5 | Ksh 4,123,703 | Ksh 559,381 | Ksh 4,440,619 |
| 6 | Ksh 4,878,388 | Ksh 741,313 | Ksh 4,258,687 |
| 7 | Ksh 5,598,957 | Ksh 957,360 | Ksh 4,042,640 |
| 8 | Ksh 6,279,015 | Ksh 1,213,919 | Ksh 3,786,081 |
| 9 | Ksh 6,910,964 | Ksh 1,518,587 | Ksh 3,481,413 |
| 10 | Ksh 7,485,782 | Ksh 1,880,386 | Ksh 3,119,614 |
| 11 | Ksh 7,992,758 | Ksh 2,310,026 | Ksh 2,689,974 |
| 12 | Ksh 8,419,170 | Ksh 2,820,232 | Ksh 2,179,768 |
| 13 | Ksh 8,749,910 | Ksh 3,426,109 | Ksh 1,573,891 |
| 14 | Ksh 8,967,038 | Ksh 4,145,597 | Ksh 854,403 |
| 15 | Ksh 9,049,252 | 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.