I&M Bank loan calculator for Ksh 5,000,000 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 86,582
120 monthly payments
Estimated total repayment
Ksh 10,389,870
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 5,389,870
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 104,832
For 120 months · incl. fees
Total repaid
Ksh 11,916,772
Principal Ksh 5,000,000 + Ksh 6,916,772 extras
Effective APR
22.10%
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 5,000,000 |
| 1 | Ksh 829,246 | Ksh 209,741 | Ksh 4,790,259 |
| 2 | Ksh 1,620,167 | Ksh 457,807 | Ksh 4,542,193 |
| 3 | Ksh 2,365,760 | Ksh 751,201 | Ksh 4,248,799 |
| 4 | Ksh 3,057,742 | Ksh 1,098,206 | Ksh 3,901,794 |
| 5 | Ksh 3,686,319 | Ksh 1,508,617 | Ksh 3,491,384 |
| 6 | Ksh 4,239,903 | Ksh 1,994,020 | Ksh 3,005,981 |
| 7 | Ksh 4,704,792 | Ksh 2,568,118 | Ksh 2,431,882 |
| 8 | Ksh 5,064,778 | Ksh 3,247,118 | Ksh 1,752,882 |
| 9 | Ksh 5,300,695 | Ksh 4,050,189 | Ksh 949,812 |
| 10 | Ksh 5,389,870 | Ksh 5,000,000 | 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.