Family Bank loan calculator for Ksh 500,000 over 5 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 12,266
60 monthly payments
Estimated total repayment
Ksh 735,933
Ksh 500,000 principal + interest
Estimated interest
Ksh 235,933
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 14,049
For 60 months · incl. fees
Total repaid
Ksh 815,006
Principal Ksh 500,000 + Ksh 315,006 extras
Effective APR
22.44%
Advertised rate 16.40% · 47.2% interest on principal
Repayment mix over 5 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 76,870 | Ksh 70,317 | Ksh 429,683 |
| 2 | Ksh 141,300 | Ksh 153,073 | Ksh 346,927 |
| 3 | Ksh 191,091 | Ksh 250,469 | Ksh 249,531 |
| 4 | Ksh 223,651 | Ksh 365,096 | Ksh 134,904 |
| 5 | Ksh 235,933 | 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.