I&M Bank loan calculator for Ksh 2,000,000 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 34,633
120 monthly payments
Estimated total repayment
Ksh 4,155,948
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 2,155,948
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 41,933
For 120 months · incl. fees
Total repaid
Ksh 4,769,709
Principal Ksh 2,000,000 + Ksh 2,769,709 extras
Effective APR
22.15%
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 2,000,000 |
| 1 | Ksh 331,698 | Ksh 83,896 | Ksh 1,916,104 |
| 2 | Ksh 648,067 | Ksh 183,123 | Ksh 1,816,877 |
| 3 | Ksh 946,304 | Ksh 300,481 | Ksh 1,699,519 |
| 4 | Ksh 1,223,097 | Ksh 439,282 | Ksh 1,560,718 |
| 5 | Ksh 1,474,527 | Ksh 603,447 | Ksh 1,396,553 |
| 6 | Ksh 1,695,961 | Ksh 797,608 | Ksh 1,202,392 |
| 7 | Ksh 1,881,917 | Ksh 1,027,247 | Ksh 972,753 |
| 8 | Ksh 2,025,911 | Ksh 1,298,847 | Ksh 701,153 |
| 9 | Ksh 2,120,278 | Ksh 1,620,075 | Ksh 379,925 |
| 10 | Ksh 2,155,948 | Ksh 2,000,000 | 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.