I&M Bank loan calculator for Ksh 2,000,000 over 15 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 30,638
180 monthly payments
Estimated total repayment
Ksh 5,514,921
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 3,514,921
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%.
Change loan details
Edit the values below; results update instantly.
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 37,938
For 180 months · incl. fees
Total repaid
Ksh 6,480,889
Principal Ksh 2,000,000 + Ksh 4,480,889 extras
Effective APR
21.99%
Advertised rate 16.90% · 175.7% interest on principal
Repayment mix over 15 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 335,591 | Ksh 32,070 | Ksh 1,967,930 |
| 2 | Ksh 665,322 | Ksh 70,001 | Ksh 1,929,999 |
| 3 | Ksh 988,122 | Ksh 114,862 | Ksh 1,885,138 |
| 4 | Ksh 1,302,725 | Ksh 167,920 | Ksh 1,832,080 |
| 5 | Ksh 1,607,633 | Ksh 230,674 | Ksh 1,769,326 |
| 6 | Ksh 1,901,075 | Ksh 304,894 | Ksh 1,695,106 |
| 7 | Ksh 2,180,954 | Ksh 392,676 | Ksh 1,607,324 |
| 8 | Ksh 2,444,794 | Ksh 496,498 | Ksh 1,503,502 |
| 9 | Ksh 2,689,662 | Ksh 619,291 | Ksh 1,380,709 |
| 10 | Ksh 2,912,094 | Ksh 764,521 | Ksh 1,235,479 |
| 11 | Ksh 3,107,988 | Ksh 936,288 | Ksh 1,063,712 |
| 12 | Ksh 3,272,496 | Ksh 1,139,441 | Ksh 860,559 |
| 13 | Ksh 3,399,883 | Ksh 1,379,716 | Ksh 620,284 |
| 14 | Ksh 3,483,365 | Ksh 1,663,895 | Ksh 336,105 |
| 15 | Ksh 3,514,921 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.