Family Bank loan calculator for Ksh 500,000 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 7,107
240 monthly payments
Estimated total repayment
Ksh 1,705,620
Ksh 500,000 principal + interest
Estimated interest
Ksh 1,205,621
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%.
Change loan details
Edit the values below; results update instantly.
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 8,890
For 240 months · incl. fees
Total repaid
Ksh 2,037,759
Principal Ksh 500,000 + Ksh 1,537,759 extras
Effective APR
21.50%
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 500,000 |
| 1 | Ksh 81,742 | Ksh 3,539 | Ksh 496,461 |
| 2 | Ksh 162,857 | Ksh 7,705 | Ksh 492,295 |
| 3 | Ksh 243,236 | Ksh 12,607 | Ksh 487,393 |
| 4 | Ksh 322,748 | Ksh 18,376 | Ksh 481,624 |
| 5 | Ksh 401,239 | Ksh 25,167 | Ksh 474,833 |
| 6 | Ksh 478,528 | Ksh 33,158 | Ksh 466,842 |
| 7 | Ksh 554,404 | Ksh 42,563 | Ksh 457,437 |
| 8 | Ksh 628,616 | Ksh 53,632 | Ksh 446,368 |
| 9 | Ksh 700,870 | Ksh 66,659 | Ksh 433,341 |
| 10 | Ksh 770,820 | Ksh 81,991 | Ksh 418,009 |
| 11 | Ksh 838,057 | Ksh 100,035 | Ksh 399,965 |
| 12 | Ksh 902,102 | Ksh 121,271 | Ksh 378,729 |
| 13 | Ksh 962,390 | Ksh 146,264 | Ksh 353,736 |
| 14 | Ksh 1,018,256 | Ksh 175,678 | Ksh 324,322 |
| 15 | Ksh 1,068,920 | Ksh 210,296 | Ksh 289,704 |
| 16 | Ksh 1,113,459 | Ksh 251,038 | Ksh 248,962 |
| 17 | Ksh 1,150,790 | Ksh 298,988 | Ksh 201,012 |
| 18 | Ksh 1,179,639 | Ksh 355,420 | Ksh 144,580 |
| 19 | Ksh 1,198,505 | Ksh 421,835 | Ksh 78,165 |
| 20 | Ksh 1,205,621 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.