I&M Bank loan calculator for Ksh 500,000 over 3 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 17,801
36 monthly payments
Estimated total repayment
Ksh 640,854
Ksh 500,000 principal + interest
Estimated interest
Ksh 140,854
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 19,626
For 36 months · incl. fees
Total repaid
Ksh 694,859
Principal Ksh 500,000 + Ksh 194,859 extras
Effective APR
23.96%
Advertised rate 16.90% · 28.2% interest on principal
Repayment mix over 3 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 74,014 | Ksh 139,604 | Ksh 360,396 |
| 2 | Ksh 122,519 | Ksh 304,717 | Ksh 195,283 |
| 3 | Ksh 140,854 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.