I&M Bank loan calculator for Ksh 100,000 over 10 years.
Estimate repayment for a I&M Bank loan using the current 16.90% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 1,732
120 monthly payments
Estimated total repayment
Ksh 207,798
Ksh 100,000 principal + interest
Estimated interest
Ksh 107,797
At 16.90%
Current I&M Bank loan interest rate
I&M Bank is listed at 16.90% 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
+0.91 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 2,097
For 120 months · incl. fees
Total repaid
Ksh 243,235
Principal Ksh 100,000 + Ksh 143,235 extras
Effective APR
23.75%
Advertised rate 16.90% · 107.8% interest on principal
Repayment mix over 10 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 100,000 |
| 1 | Ksh 16,585 | Ksh 4,195 | Ksh 95,805 |
| 2 | Ksh 32,403 | Ksh 9,156 | Ksh 90,844 |
| 3 | Ksh 47,315 | Ksh 15,024 | Ksh 84,976 |
| 4 | Ksh 61,155 | Ksh 21,964 | Ksh 78,036 |
| 5 | Ksh 73,726 | Ksh 30,172 | Ksh 69,828 |
| 6 | Ksh 84,798 | Ksh 39,880 | Ksh 60,120 |
| 7 | Ksh 94,096 | Ksh 51,362 | Ksh 48,638 |
| 8 | Ksh 101,296 | Ksh 64,942 | Ksh 35,058 |
| 9 | Ksh 106,014 | Ksh 81,004 | Ksh 18,996 |
| 10 | Ksh 107,797 | Ksh 100,000 | 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.