Family Bank loan calculator for Ksh 5,000,000 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 71,068
240 monthly payments
Estimated total repayment
Ksh 17,056,210
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 12,056,210
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 88,901
For 240 months · incl. fees
Total repaid
Ksh 20,332,587
Principal Ksh 5,000,000 + Ksh 15,332,587 extras
Effective APR
21.28%
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 5,000,000 |
| 1 | Ksh 817,418 | Ksh 35,393 | Ksh 4,964,607 |
| 2 | Ksh 1,628,575 | Ksh 77,046 | Ksh 4,922,954 |
| 3 | Ksh 2,432,362 | Ksh 126,069 | Ksh 4,873,931 |
| 4 | Ksh 3,227,478 | Ksh 183,764 | Ksh 4,816,236 |
| 5 | Ksh 4,012,387 | Ksh 251,666 | Ksh 4,748,334 |
| 6 | Ksh 4,785,283 | Ksh 331,580 | Ksh 4,668,420 |
| 7 | Ksh 5,544,042 | Ksh 425,631 | Ksh 4,574,369 |
| 8 | Ksh 6,286,163 | Ksh 536,321 | Ksh 4,463,679 |
| 9 | Ksh 7,008,702 | Ksh 666,592 | Ksh 4,333,408 |
| 10 | Ksh 7,708,196 | Ksh 819,909 | Ksh 4,180,091 |
| 11 | Ksh 8,380,566 | Ksh 1,000,349 | Ksh 3,999,651 |
| 12 | Ksh 9,021,016 | Ksh 1,212,710 | Ksh 3,787,290 |
| 13 | Ksh 9,623,897 | Ksh 1,462,639 | Ksh 3,537,361 |
| 14 | Ksh 10,182,564 | Ksh 1,756,783 | Ksh 3,243,217 |
| 15 | Ksh 10,689,196 | Ksh 2,102,962 | Ksh 2,897,038 |
| 16 | Ksh 11,134,586 | Ksh 2,510,382 | Ksh 2,489,618 |
| 17 | Ksh 11,507,901 | Ksh 2,989,878 | Ksh 2,010,122 |
| 18 | Ksh 11,796,390 | Ksh 3,554,199 | Ksh 1,445,801 |
| 19 | Ksh 11,985,046 | Ksh 4,218,353 | Ksh 781,647 |
| 20 | Ksh 12,056,210 | Ksh 5,000,000 | 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.