I&M Bank loan calculator for Ksh 5,000,000 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 72,960
240 monthly payments
Estimated total repayment
Ksh 17,510,410
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 12,510,410
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 91,210
For 240 months · incl. fees
Total repaid
Ksh 20,882,753
Principal Ksh 5,000,000 + Ksh 15,882,753 extras
Effective APR
21.90%
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 5,000,000 |
| 1 | Ksh 842,521 | Ksh 32,999 | Ksh 4,967,001 |
| 2 | Ksh 1,679,013 | Ksh 72,028 | Ksh 4,927,972 |
| 3 | Ksh 2,508,373 | Ksh 118,188 | Ksh 4,881,812 |
| 4 | Ksh 3,329,298 | Ksh 172,784 | Ksh 4,827,216 |
| 5 | Ksh 4,140,248 | Ksh 237,355 | Ksh 4,762,645 |
| 6 | Ksh 4,939,399 | Ksh 313,724 | Ksh 4,686,276 |
| 7 | Ksh 5,724,595 | Ksh 404,049 | Ksh 4,595,951 |
| 8 | Ksh 6,493,286 | Ksh 510,878 | Ksh 4,489,122 |
| 9 | Ksh 7,242,458 | Ksh 637,227 | Ksh 4,362,773 |
| 10 | Ksh 7,968,542 | Ksh 786,663 | Ksh 4,213,337 |
| 11 | Ksh 8,667,320 | Ksh 963,405 | Ksh 4,036,595 |
| 12 | Ksh 9,333,803 | Ksh 1,172,442 | Ksh 3,827,558 |
| 13 | Ksh 9,962,090 | Ksh 1,419,676 | Ksh 3,580,324 |
| 14 | Ksh 10,545,202 | Ksh 1,712,085 | Ksh 3,287,915 |
| 15 | Ksh 11,074,882 | Ksh 2,057,925 | Ksh 2,942,075 |
| 16 | Ksh 11,541,370 | Ksh 2,466,958 | Ksh 2,533,042 |
| 17 | Ksh 11,933,116 | Ksh 2,950,732 | Ksh 2,049,268 |
| 18 | Ksh 12,236,465 | Ksh 3,522,904 | Ksh 1,477,097 |
| 19 | Ksh 12,435,264 | Ksh 4,199,625 | Ksh 800,375 |
| 20 | Ksh 12,510,410 | 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.