I&M Bank loan calculator for Ksh 500,000 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 7,660
180 monthly payments
Estimated total repayment
Ksh 1,378,730
Ksh 500,000 principal + interest
Estimated interest
Ksh 878,730
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 9,485
For 180 months · incl. fees
Total repaid
Ksh 1,623,972
Principal Ksh 500,000 + Ksh 1,123,972 extras
Effective APR
22.20%
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 500,000 |
| 1 | Ksh 83,898 | Ksh 8,018 | Ksh 491,982 |
| 2 | Ksh 166,331 | Ksh 17,500 | Ksh 482,500 |
| 3 | Ksh 247,031 | Ksh 28,715 | Ksh 471,285 |
| 4 | Ksh 325,681 | Ksh 41,980 | Ksh 458,020 |
| 5 | Ksh 401,908 | Ksh 57,668 | Ksh 442,332 |
| 6 | Ksh 475,269 | Ksh 76,223 | Ksh 423,777 |
| 7 | Ksh 545,239 | Ksh 98,169 | Ksh 401,831 |
| 8 | Ksh 611,198 | Ksh 124,124 | Ksh 375,876 |
| 9 | Ksh 672,416 | Ksh 154,823 | Ksh 345,177 |
| 10 | Ksh 728,023 | Ksh 191,130 | Ksh 308,870 |
| 11 | Ksh 776,997 | Ksh 234,072 | Ksh 265,928 |
| 12 | Ksh 818,124 | Ksh 284,860 | Ksh 215,140 |
| 13 | Ksh 849,971 | Ksh 344,929 | Ksh 155,071 |
| 14 | Ksh 870,841 | Ksh 415,974 | Ksh 84,026 |
| 15 | Ksh 878,730 | Ksh 500,000 | 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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