Credit Bank loan calculator for Ksh 1,000,000 over 15 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 17,129
180 monthly payments
Estimated total repayment
Ksh 3,083,159
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,083,158
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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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 21,197
For 180 months · incl. fees
Total repaid
Ksh 3,637,114
Principal Ksh 1,000,000 + Ksh 2,637,114 extras
Effective APR
25.14%
Advertised rate 19.41% · 208.3% 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 1,000,000 |
| 1 | Ksh 193,025 | Ksh 12,519 | Ksh 987,481 |
| 2 | Ksh 383,392 | Ksh 27,696 | Ksh 972,304 |
| 3 | Ksh 570,536 | Ksh 46,096 | Ksh 953,904 |
| 4 | Ksh 753,773 | Ksh 68,402 | Ksh 931,598 |
| 5 | Ksh 932,274 | Ksh 95,445 | Ksh 904,555 |
| 6 | Ksh 1,105,033 | Ksh 128,230 | Ksh 871,770 |
| 7 | Ksh 1,270,830 | Ksh 167,977 | Ksh 832,023 |
| 8 | Ksh 1,428,188 | Ksh 216,163 | Ksh 783,837 |
| 9 | Ksh 1,575,315 | Ksh 274,580 | Ksh 725,420 |
| 10 | Ksh 1,710,037 | Ksh 345,402 | Ksh 654,598 |
| 11 | Ksh 1,829,722 | Ksh 431,261 | Ksh 568,739 |
| 12 | Ksh 1,931,176 | Ksh 535,351 | Ksh 464,649 |
| 13 | Ksh 2,010,528 | Ksh 661,543 | Ksh 338,457 |
| 14 | Ksh 2,063,085 | Ksh 814,529 | Ksh 185,471 |
| 15 | Ksh 2,083,158 | 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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