Family Bank loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a Family Bank loan using the current 16.40% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 17,001
120 monthly payments
Estimated total repayment
Ksh 2,040,173
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,040,172
At 16.40%
Current Family Bank loan interest rate
Family Bank is listed at 16.40% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
Change loan details
Edit the values below; results update instantly.
Loan details
KESCentral Bank of Kenya · May 2025
+0.41 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 20,568
For 120 months · incl. fees
Total repaid
Ksh 2,341,632
Principal Ksh 1,000,000 + Ksh 1,341,632 extras
Effective APR
21.62%
Advertised rate 16.40% · 104.0% 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 160,851 | Ksh 43,167 | Ksh 956,833 |
| 2 | Ksh 314,065 | Ksh 93,969 | Ksh 906,031 |
| 3 | Ksh 458,292 | Ksh 153,760 | Ksh 846,240 |
| 4 | Ksh 591,941 | Ksh 224,127 | Ksh 775,873 |
| 5 | Ksh 713,143 | Ksh 306,944 | Ksh 693,056 |
| 6 | Ksh 819,693 | Ksh 404,411 | Ksh 595,590 |
| 7 | Ksh 909,001 | Ksh 519,120 | Ksh 480,880 |
| 8 | Ksh 978,016 | Ksh 654,122 | Ksh 345,878 |
| 9 | Ksh 1,023,148 | Ksh 813,007 | Ksh 186,993 |
| 10 | Ksh 1,040,172 | 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.