African Banking Corporation loan calculator for Ksh 5,000,000 over 20 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 74,521
240 monthly payments
Estimated total repayment
Ksh 17,885,047
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 12,885,047
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 93,113
For 240 months · incl. fees
Total repaid
Ksh 21,336,427
Principal Ksh 5,000,000 + Ksh 16,336,427 extras
Effective APR
22.40%
Advertised rate 17.31% · 257.7% interest on principal
Repayment mix over 20 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 863,106 | Ksh 31,147 | Ksh 4,968,853 |
| 2 | Ksh 1,720,371 | Ksh 68,134 | Ksh 4,931,866 |
| 3 | Ksh 2,570,700 | Ksh 112,057 | Ksh 4,887,943 |
| 4 | Ksh 3,412,793 | Ksh 164,217 | Ksh 4,835,783 |
| 5 | Ksh 4,245,105 | Ksh 226,157 | Ksh 4,773,843 |
| 6 | Ksh 5,065,803 | Ksh 299,711 | Ksh 4,700,289 |
| 7 | Ksh 5,872,708 | Ksh 387,059 | Ksh 4,612,941 |
| 8 | Ksh 6,663,234 | Ksh 490,785 | Ksh 4,509,215 |
| 9 | Ksh 7,434,310 | Ksh 613,962 | Ksh 4,386,038 |
| 10 | Ksh 8,182,288 | Ksh 760,236 | Ksh 4,239,764 |
| 11 | Ksh 8,902,837 | Ksh 933,939 | Ksh 4,066,061 |
| 12 | Ksh 9,590,814 | Ksh 1,140,214 | Ksh 3,859,786 |
| 13 | Ksh 10,240,112 | Ksh 1,385,169 | Ksh 3,614,831 |
| 14 | Ksh 10,843,477 | Ksh 1,676,056 | Ksh 3,323,944 |
| 15 | Ksh 11,392,296 | Ksh 2,021,490 | Ksh 2,978,510 |
| 16 | Ksh 11,876,340 | Ksh 2,431,697 | Ksh 2,568,303 |
| 17 | Ksh 12,283,465 | Ksh 2,918,826 | Ksh 2,081,174 |
| 18 | Ksh 12,599,245 | Ksh 3,497,298 | Ksh 1,502,702 |
| 19 | Ksh 12,806,553 | Ksh 4,184,242 | Ksh 815,758 |
| 20 | Ksh 12,885,047 | 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.