Credit Bank loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a Credit Bank loan using the current 19.41% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 18,936
120 monthly payments
Estimated total repayment
Ksh 2,272,321
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,272,321
At 19.41%
Current Credit Bank loan interest rate
Credit Bank is listed at 19.41% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
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Edit the values below; results update instantly.
Loan details
KESCentral Bank of Kenya · May 2025
+3.42 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 23,004
For 120 months · incl. fees
Total repaid
Ksh 2,622,335
Principal Ksh 1,000,000 + Ksh 1,622,335 extras
Effective APR
25.30%
Advertised rate 19.41% · 127.2% 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 1,000,000 |
| 1 | Ksh 190,988 | Ksh 36,244 | Ksh 963,756 |
| 2 | Ksh 374,279 | Ksh 80,185 | Ksh 919,815 |
| 3 | Ksh 548,241 | Ksh 133,455 | Ksh 866,545 |
| 4 | Ksh 710,892 | Ksh 198,037 | Ksh 801,963 |
| 5 | Ksh 859,829 | Ksh 276,331 | Ksh 723,669 |
| 6 | Ksh 992,143 | Ksh 371,250 | Ksh 628,750 |
| 7 | Ksh 1,104,302 | Ksh 486,323 | Ksh 513,677 |
| 8 | Ksh 1,192,027 | Ksh 625,830 | Ksh 374,170 |
| 9 | Ksh 1,250,130 | Ksh 794,959 | Ksh 205,041 |
| 10 | Ksh 1,272,321 | Ksh 1,000,000 | 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.