Family Bank loan calculator for Ksh 1,000,000 over 20 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 14,214
240 monthly payments
Estimated total repayment
Ksh 3,411,242
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,411,242
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
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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 17,780
For 240 months · incl. fees
Total repaid
Ksh 4,070,517
Principal Ksh 1,000,000 + Ksh 3,070,517 extras
Effective APR
21.38%
Advertised rate 16.40% · 241.1% interest on principal
Repayment mix over 20 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 163,484 | Ksh 7,079 | Ksh 992,921 |
| 2 | Ksh 325,715 | Ksh 15,409 | Ksh 984,591 |
| 3 | Ksh 486,472 | Ksh 25,214 | Ksh 974,786 |
| 4 | Ksh 645,496 | Ksh 36,753 | Ksh 963,247 |
| 5 | Ksh 802,477 | Ksh 50,333 | Ksh 949,667 |
| 6 | Ksh 957,057 | Ksh 66,316 | Ksh 933,684 |
| 7 | Ksh 1,108,808 | Ksh 85,126 | Ksh 914,874 |
| 8 | Ksh 1,257,233 | Ksh 107,264 | Ksh 892,736 |
| 9 | Ksh 1,401,740 | Ksh 133,318 | Ksh 866,682 |
| 10 | Ksh 1,541,639 | Ksh 163,982 | Ksh 836,018 |
| 11 | Ksh 1,676,113 | Ksh 200,070 | Ksh 799,930 |
| 12 | Ksh 1,804,203 | Ksh 242,542 | Ksh 757,458 |
| 13 | Ksh 1,924,779 | Ksh 292,528 | Ksh 707,472 |
| 14 | Ksh 2,036,513 | Ksh 351,357 | Ksh 648,643 |
| 15 | Ksh 2,137,839 | Ksh 420,592 | Ksh 579,408 |
| 16 | Ksh 2,226,917 | Ksh 502,076 | Ksh 497,924 |
| 17 | Ksh 2,301,580 | Ksh 597,976 | Ksh 402,024 |
| 18 | Ksh 2,359,278 | Ksh 710,840 | Ksh 289,160 |
| 19 | Ksh 2,397,009 | Ksh 843,671 | Ksh 156,329 |
| 20 | Ksh 2,411,242 | 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.