I&M Bank loan calculator for Ksh 10,000,000 over 20 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 145,920
240 monthly payments
Estimated total repayment
Ksh 35,020,819
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 25,020,820
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 182,420
For 240 months · incl. fees
Total repaid
Ksh 41,760,506
Principal Ksh 10,000,000 + Ksh 31,760,505 extras
Effective APR
21.88%
Advertised rate 16.90% · 250.2% 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 10,000,000 |
| 1 | Ksh 1,685,043 | Ksh 65,998 | Ksh 9,934,002 |
| 2 | Ksh 3,358,026 | Ksh 144,056 | Ksh 9,855,944 |
| 3 | Ksh 5,016,746 | Ksh 236,377 | Ksh 9,763,623 |
| 4 | Ksh 6,658,597 | Ksh 345,567 | Ksh 9,654,433 |
| 5 | Ksh 8,280,496 | Ksh 474,709 | Ksh 9,525,291 |
| 6 | Ksh 9,878,797 | Ksh 627,449 | Ksh 9,372,551 |
| 7 | Ksh 11,449,189 | Ksh 808,097 | Ksh 9,191,903 |
| 8 | Ksh 12,986,573 | Ksh 1,021,755 | Ksh 8,978,245 |
| 9 | Ksh 14,484,915 | Ksh 1,274,454 | Ksh 8,725,546 |
| 10 | Ksh 15,937,084 | Ksh 1,573,326 | Ksh 8,426,674 |
| 11 | Ksh 17,334,640 | Ksh 1,926,810 | Ksh 8,073,190 |
| 12 | Ksh 18,667,607 | Ksh 2,344,885 | Ksh 7,655,115 |
| 13 | Ksh 19,924,181 | Ksh 2,839,352 | Ksh 7,160,648 |
| 14 | Ksh 21,090,403 | Ksh 3,424,171 | Ksh 6,575,829 |
| 15 | Ksh 22,149,765 | Ksh 4,115,850 | Ksh 5,884,150 |
| 16 | Ksh 23,082,739 | Ksh 4,933,917 | Ksh 5,066,083 |
| 17 | Ksh 23,866,232 | Ksh 5,901,464 | Ksh 4,098,536 |
| 18 | Ksh 24,472,931 | Ksh 7,045,807 | Ksh 2,954,193 |
| 19 | Ksh 24,870,529 | Ksh 8,399,250 | Ksh 1,600,750 |
| 20 | Ksh 25,020,820 | 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.