Family Bank loan calculator for Ksh 500,000 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 7,483
180 monthly payments
Estimated total repayment
Ksh 1,347,016
Ksh 500,000 principal + interest
Estimated interest
Ksh 847,015
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 9,267
For 180 months · incl. fees
Total repaid
Ksh 1,585,566
Principal Ksh 500,000 + Ksh 1,085,566 extras
Effective APR
21.58%
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 500,000 |
| 1 | Ksh 81,386 | Ksh 8,415 | Ksh 491,585 |
| 2 | Ksh 161,283 | Ksh 18,319 | Ksh 481,681 |
| 3 | Ksh 239,429 | Ksh 29,974 | Ksh 470,026 |
| 4 | Ksh 315,512 | Ksh 43,692 | Ksh 456,308 |
| 5 | Ksh 389,169 | Ksh 59,836 | Ksh 440,164 |
| 6 | Ksh 459,970 | Ksh 78,836 | Ksh 421,164 |
| 7 | Ksh 527,409 | Ksh 101,198 | Ksh 398,802 |
| 8 | Ksh 590,893 | Ksh 127,516 | Ksh 372,484 |
| 9 | Ksh 649,720 | Ksh 158,489 | Ksh 341,511 |
| 10 | Ksh 703,069 | Ksh 194,942 | Ksh 305,058 |
| 11 | Ksh 749,968 | Ksh 237,843 | Ksh 262,157 |
| 12 | Ksh 789,278 | Ksh 288,334 | Ksh 211,666 |
| 13 | Ksh 819,656 | Ksh 347,757 | Ksh 152,243 |
| 14 | Ksh 839,522 | Ksh 417,693 | Ksh 82,308 |
| 15 | Ksh 847,015 | 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.