Credit Bank loan calculator for Ksh 1,000,000 over 2 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 50,608
24 monthly payments
Estimated total repayment
Ksh 1,214,593
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 214,593
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 54,676
For 24 months · incl. fees
Total repaid
Ksh 1,298,567
Principal Ksh 1,000,000 + Ksh 298,567 extras
Effective APR
27.59%
Advertised rate 19.41% · 21.5% interest on principal
Repayment mix over 2 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 155,285 | Ksh 452,011 | Ksh 547,989 |
| 2 | Ksh 214,593 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.