Family Bank loan calculator for Ksh 10,000,000 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 170,014
120 monthly payments
Estimated total repayment
Ksh 20,401,723
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 10,401,723
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 205,681
For 120 months · incl. fees
Total repaid
Ksh 23,371,319
Principal Ksh 10,000,000 + Ksh 13,371,319 extras
Effective APR
21.47%
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 10,000,000 |
| 1 | Ksh 1,608,507 | Ksh 431,665 | Ksh 9,568,335 |
| 2 | Ksh 3,140,650 | Ksh 939,695 | Ksh 9,060,305 |
| 3 | Ksh 4,582,918 | Ksh 1,537,598 | Ksh 8,462,402 |
| 4 | Ksh 5,919,414 | Ksh 2,241,275 | Ksh 7,758,725 |
| 5 | Ksh 7,131,425 | Ksh 3,069,436 | Ksh 6,930,564 |
| 6 | Ksh 8,196,929 | Ksh 4,044,105 | Ksh 5,955,895 |
| 7 | Ksh 9,090,007 | Ksh 5,191,199 | Ksh 4,808,801 |
| 8 | Ksh 9,780,157 | Ksh 6,541,221 | Ksh 3,458,779 |
| 9 | Ksh 10,231,479 | Ksh 8,130,072 | Ksh 1,869,928 |
| 10 | Ksh 10,401,723 | Ksh 10,000,000 | 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.