I&M Bank loan calculator for Ksh 5,000,000 over 5 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 123,994
60 monthly payments
Estimated total repayment
Ksh 7,439,651
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 2,439,651
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 142,244
For 60 months · incl. fees
Total repaid
Ksh 8,201,940
Principal Ksh 5,000,000 + Ksh 3,201,940 extras
Effective APR
22.59%
Advertised rate 16.90% · 48.8% interest on principal
Repayment mix over 5 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 792,786 | Ksh 695,144 | Ksh 4,304,856 |
| 2 | Ksh 1,458,552 | Ksh 1,517,309 | Ksh 3,482,691 |
| 3 | Ksh 1,974,088 | Ksh 2,489,703 | Ksh 2,510,297 |
| 4 | Ksh 2,311,943 | Ksh 3,639,778 | Ksh 1,360,222 |
| 5 | Ksh 2,439,651 | 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.