Family Bank loan calculator for Ksh 1,000,000 over 15 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 14,967
180 monthly payments
Estimated total repayment
Ksh 2,694,031
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,694,031
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%.
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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 18,534
For 180 months · incl. fees
Total repaid
Ksh 3,166,131
Principal Ksh 1,000,000 + Ksh 2,166,131 extras
Effective APR
21.45%
Advertised rate 16.40% · 169.4% 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 162,772 | Ksh 16,830 | Ksh 983,170 |
| 2 | Ksh 322,567 | Ksh 36,637 | Ksh 963,363 |
| 3 | Ksh 478,858 | Ksh 59,948 | Ksh 940,052 |
| 4 | Ksh 631,025 | Ksh 87,384 | Ksh 912,616 |
| 5 | Ksh 778,338 | Ksh 119,672 | Ksh 880,328 |
| 6 | Ksh 919,939 | Ksh 157,673 | Ksh 842,327 |
| 7 | Ksh 1,054,818 | Ksh 202,396 | Ksh 797,604 |
| 8 | Ksh 1,181,785 | Ksh 255,031 | Ksh 744,969 |
| 9 | Ksh 1,299,441 | Ksh 316,978 | Ksh 683,022 |
| 10 | Ksh 1,406,137 | Ksh 389,883 | Ksh 610,117 |
| 11 | Ksh 1,499,937 | Ksh 475,686 | Ksh 524,314 |
| 12 | Ksh 1,578,557 | Ksh 576,668 | Ksh 423,332 |
| 13 | Ksh 1,639,312 | Ksh 695,514 | Ksh 304,486 |
| 14 | Ksh 1,679,044 | Ksh 835,385 | Ksh 164,615 |
| 15 | Ksh 1,694,031 | 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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