Family Bank loan calculator for Ksh 500,000 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 8,501
120 monthly payments
Estimated total repayment
Ksh 1,020,086
Ksh 500,000 principal + interest
Estimated interest
Ksh 520,086
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 10,284
For 120 months · incl. fees
Total repaid
Ksh 1,173,316
Principal Ksh 500,000 + Ksh 673,316 extras
Effective APR
21.78%
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 500,000 |
| 1 | Ksh 80,425 | Ksh 21,583 | Ksh 478,417 |
| 2 | Ksh 157,032 | Ksh 46,985 | Ksh 453,015 |
| 3 | Ksh 229,146 | Ksh 76,880 | Ksh 423,120 |
| 4 | Ksh 295,971 | Ksh 112,064 | Ksh 387,936 |
| 5 | Ksh 356,571 | Ksh 153,472 | Ksh 346,528 |
| 6 | Ksh 409,846 | Ksh 202,205 | Ksh 297,795 |
| 7 | Ksh 454,500 | Ksh 259,560 | Ksh 240,440 |
| 8 | Ksh 489,008 | Ksh 327,061 | Ksh 172,939 |
| 9 | Ksh 511,574 | Ksh 406,504 | Ksh 93,496 |
| 10 | Ksh 520,086 | Ksh 500,000 | 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.