Family Bank loan calculator for Ksh 2,000,000 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 29,934
180 monthly payments
Estimated total repayment
Ksh 5,388,061
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 3,388,061
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 37,067
For 180 months · incl. fees
Total repaid
Ksh 6,327,263
Principal Ksh 2,000,000 + Ksh 4,327,263 extras
Effective APR
21.38%
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 2,000,000 |
| 1 | Ksh 325,544 | Ksh 33,660 | Ksh 1,966,340 |
| 2 | Ksh 645,134 | Ksh 73,274 | Ksh 1,926,726 |
| 3 | Ksh 957,716 | Ksh 119,897 | Ksh 1,880,103 |
| 4 | Ksh 1,262,049 | Ksh 174,767 | Ksh 1,825,233 |
| 5 | Ksh 1,556,676 | Ksh 239,344 | Ksh 1,760,656 |
| 6 | Ksh 1,839,879 | Ksh 315,346 | Ksh 1,684,654 |
| 7 | Ksh 2,109,636 | Ksh 404,792 | Ksh 1,595,208 |
| 8 | Ksh 2,363,570 | Ksh 510,062 | Ksh 1,489,938 |
| 9 | Ksh 2,598,881 | Ksh 633,956 | Ksh 1,366,044 |
| 10 | Ksh 2,812,275 | Ksh 779,766 | Ksh 1,220,234 |
| 11 | Ksh 2,999,873 | Ksh 951,372 | Ksh 1,048,628 |
| 12 | Ksh 3,157,113 | Ksh 1,153,336 | Ksh 846,664 |
| 13 | Ksh 3,278,625 | Ksh 1,391,028 | Ksh 608,972 |
| 14 | Ksh 3,358,087 | Ksh 1,670,770 | Ksh 329,230 |
| 15 | Ksh 3,388,061 | Ksh 2,000,000 | 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.