Family Bank loan calculator for Ksh 5,000,000 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 122,656
60 monthly payments
Estimated total repayment
Ksh 7,359,330
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 2,359,330
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 140,489
For 60 months · incl. fees
Total repaid
Ksh 8,105,058
Principal Ksh 5,000,000 + Ksh 3,105,058 extras
Effective APR
21.98%
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 5,000,000 |
| 1 | Ksh 768,699 | Ksh 703,167 | Ksh 4,296,833 |
| 2 | Ksh 1,413,003 | Ksh 1,530,729 | Ksh 3,469,271 |
| 3 | Ksh 1,910,906 | Ksh 2,504,692 | Ksh 2,495,308 |
| 4 | Ksh 2,236,509 | Ksh 3,650,955 | Ksh 1,349,045 |
| 5 | Ksh 2,359,330 | 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.