Family Bank loan calculator for Ksh 10,000,000 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 142,135
240 monthly payments
Estimated total repayment
Ksh 34,112,419
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 24,112,420
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 177,802
For 240 months · incl. fees
Total repaid
Ksh 40,660,173
Principal Ksh 10,000,000 + Ksh 30,660,173 extras
Effective APR
21.27%
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 10,000,000 |
| 1 | Ksh 1,634,836 | Ksh 70,785 | Ksh 9,929,215 |
| 2 | Ksh 3,257,149 | Ksh 154,093 | Ksh 9,845,907 |
| 3 | Ksh 4,864,725 | Ksh 252,138 | Ksh 9,747,862 |
| 4 | Ksh 6,454,956 | Ksh 367,528 | Ksh 9,632,472 |
| 5 | Ksh 8,024,773 | Ksh 503,332 | Ksh 9,496,668 |
| 6 | Ksh 9,570,566 | Ksh 663,160 | Ksh 9,336,840 |
| 7 | Ksh 11,088,084 | Ksh 851,263 | Ksh 9,148,737 |
| 8 | Ksh 12,572,326 | Ksh 1,072,642 | Ksh 8,927,358 |
| 9 | Ksh 14,017,405 | Ksh 1,333,184 | Ksh 8,666,816 |
| 10 | Ksh 15,416,391 | Ksh 1,639,819 | Ksh 8,360,181 |
| 11 | Ksh 16,761,132 | Ksh 2,000,699 | Ksh 7,999,301 |
| 12 | Ksh 18,042,031 | Ksh 2,425,421 | Ksh 7,574,579 |
| 13 | Ksh 19,247,794 | Ksh 2,925,279 | Ksh 7,074,721 |
| 14 | Ksh 20,365,129 | Ksh 3,513,565 | Ksh 6,486,435 |
| 15 | Ksh 21,378,392 | Ksh 4,205,923 | Ksh 5,794,077 |
| 16 | Ksh 22,269,172 | Ksh 5,020,764 | Ksh 4,979,236 |
| 17 | Ksh 23,015,802 | Ksh 5,979,755 | Ksh 4,020,245 |
| 18 | Ksh 23,592,780 | Ksh 7,108,398 | Ksh 2,891,602 |
| 19 | Ksh 23,970,093 | Ksh 8,436,706 | Ksh 1,563,294 |
| 20 | Ksh 24,112,420 | 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.