Credit Bank loan calculator for Ksh 1,000,000 over 5 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 26,167
60 monthly payments
Estimated total repayment
Ksh 1,570,000
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 570,000
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 30,235
For 60 months · incl. fees
Total repaid
Ksh 1,743,367
Principal Ksh 1,000,000 + Ksh 743,367 extras
Effective APR
25.86%
Advertised rate 19.41% · 57.0% interest on principal
Repayment mix over 5 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 182,837 | Ksh 131,163 | Ksh 868,837 |
| 2 | Ksh 337,823 | Ksh 290,177 | Ksh 709,823 |
| 3 | Ksh 459,046 | Ksh 482,954 | Ksh 517,046 |
| 4 | Ksh 539,335 | Ksh 716,665 | Ksh 283,335 |
| 5 | Ksh 570,000 | 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.