A three-phase five-limb transformer is a potential application form of the Sen Transformer (ST), especially for the scenarios with significantly unbalanced load conditions. This paper proposes a quasi-steady-state model of three-phase five-limb ST (TPFLST) based on duality. Firstly, an equivalent circuit model that takes into account the eddy current effect and the coupling effect involving the magnetic circuit can be derived according to the equivalent magnetic circuit of the TPFLST. The iron-core of the TPFLST may be represented by the parallel combination of the resistances reflecting the power loss of the iron-core and the saturable inductances considering the ferromagnetic hysteresis in virtue of the principle of duality. Subsequently, an electric circuit model of the voltage and current of each winding for the TPFLST is able to be accomplished on the basis of the electrical connection between the TPFLST and the external systems in accordance with Kirchhoff's voltage and current law. Consequently, a quasi-steady-state model of the TPFLST which considers the coupling relationship involving the magnetic and electric circuits can be formed by combining the equivalent circuit model and the electric circuit model. With the help of MATLAB, the effectiveness of the proposed model may be verified by comparing the results about power flow control including power, voltage, and current with the ones from the existing literature. Furthermore, the TPFLST is found to be better-suited for the unbalanced load condition according to a comparison among the unbalanced degrees of output currents for the STs with different core structures under unbalanced load conditions.