I&M Bank loan calculator for Ksh 10,000,000 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 173,165
120 monthly payments
Estimated total repayment
Ksh 20,779,741
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 10,779,741
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 209,665
For 120 months · incl. fees
Total repaid
Ksh 23,828,544
Principal Ksh 10,000,000 + Ksh 13,828,544 extras
Effective APR
22.08%
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 10,000,000 |
| 1 | Ksh 1,658,492 | Ksh 419,482 | Ksh 9,580,518 |
| 2 | Ksh 3,240,333 | Ksh 915,615 | Ksh 9,084,385 |
| 3 | Ksh 4,731,520 | Ksh 1,502,403 | Ksh 8,497,597 |
| 4 | Ksh 6,115,485 | Ksh 2,196,412 | Ksh 7,803,588 |
| 5 | Ksh 7,372,637 | Ksh 3,017,233 | Ksh 6,982,767 |
| 6 | Ksh 8,479,806 | Ksh 3,988,039 | Ksh 6,011,961 |
| 7 | Ksh 9,409,583 | Ksh 5,136,235 | Ksh 4,863,765 |
| 8 | Ksh 10,129,557 | Ksh 6,494,236 | Ksh 3,505,764 |
| 9 | Ksh 10,601,390 | Ksh 8,100,377 | Ksh 1,899,623 |
| 10 | Ksh 10,779,741 | Ksh 10,000,000 | 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.