I&M Bank loan calculator for Ksh 100,000 over 5 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 2,480
60 monthly payments
Estimated total repayment
Ksh 148,793
Ksh 100,000 principal + interest
Estimated interest
Ksh 48,793
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 2,845
For 60 months · incl. fees
Total repaid
Ksh 168,939
Principal Ksh 100,000 + Ksh 68,939 extras
Effective APR
25.21%
Advertised rate 16.90% · 48.8% 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 100,000 |
| 1 | Ksh 15,856 | Ksh 13,903 | Ksh 86,097 |
| 2 | Ksh 29,171 | Ksh 30,346 | Ksh 69,654 |
| 3 | Ksh 39,482 | Ksh 49,794 | Ksh 50,206 |
| 4 | Ksh 46,239 | Ksh 72,796 | Ksh 27,204 |
| 5 | Ksh 48,793 | 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.