I&M Bank loan calculator for Ksh 500,000 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 7,296
240 monthly payments
Estimated total repayment
Ksh 1,751,040
Ksh 500,000 principal + interest
Estimated interest
Ksh 1,251,041
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 9,121
For 240 months · incl. fees
Total repaid
Ksh 2,092,775
Principal Ksh 500,000 + Ksh 1,592,775 extras
Effective APR
22.12%
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 500,000 |
| 1 | Ksh 84,252 | Ksh 3,300 | Ksh 496,700 |
| 2 | Ksh 167,901 | Ksh 7,203 | Ksh 492,797 |
| 3 | Ksh 250,837 | Ksh 11,819 | Ksh 488,181 |
| 4 | Ksh 332,930 | Ksh 17,278 | Ksh 482,722 |
| 5 | Ksh 414,025 | Ksh 23,735 | Ksh 476,265 |
| 6 | Ksh 493,940 | Ksh 31,372 | Ksh 468,628 |
| 7 | Ksh 572,459 | Ksh 40,405 | Ksh 459,595 |
| 8 | Ksh 649,329 | Ksh 51,088 | Ksh 448,912 |
| 9 | Ksh 724,246 | Ksh 63,723 | Ksh 436,277 |
| 10 | Ksh 796,854 | Ksh 78,666 | Ksh 421,334 |
| 11 | Ksh 866,732 | Ksh 96,341 | Ksh 403,659 |
| 12 | Ksh 933,380 | Ksh 117,244 | Ksh 382,756 |
| 13 | Ksh 996,209 | Ksh 141,968 | Ksh 358,032 |
| 14 | Ksh 1,054,520 | Ksh 171,209 | Ksh 328,791 |
| 15 | Ksh 1,107,488 | Ksh 205,793 | Ksh 294,208 |
| 16 | Ksh 1,154,137 | Ksh 246,696 | Ksh 253,304 |
| 17 | Ksh 1,193,312 | Ksh 295,073 | Ksh 204,927 |
| 18 | Ksh 1,223,647 | Ksh 352,290 | Ksh 147,710 |
| 19 | Ksh 1,243,526 | Ksh 419,962 | Ksh 80,038 |
| 20 | Ksh 1,251,041 | 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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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.