Middle East Bank loan calculator for Ksh 100,000 over 10 years.
Estimate repayment for a Middle East Bank loan using the current 19.87% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 1,924
120 monthly payments
Estimated total repayment
Ksh 230,874
Ksh 100,000 principal + interest
Estimated interest
Ksh 130,873
At 19.87%
Current Middle East Bank loan interest rate
Middle East Bank is listed at 19.87% 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
+3.88 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 2,338
For 120 months · incl. fees
Total repaid
Ksh 271,135
Principal Ksh 100,000 + Ksh 171,135 extras
Effective APR
27.50%
Advertised rate 19.87% · 130.9% 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 100,000 |
| 1 | Ksh 19,560 | Ksh 3,527 | Ksh 96,473 |
| 2 | Ksh 38,352 | Ksh 7,823 | Ksh 92,177 |
| 3 | Ksh 56,208 | Ksh 13,054 | Ksh 86,946 |
| 4 | Ksh 72,925 | Ksh 19,424 | Ksh 80,576 |
| 5 | Ksh 88,254 | Ksh 27,183 | Ksh 72,817 |
| 6 | Ksh 101,893 | Ksh 36,631 | Ksh 63,369 |
| 7 | Ksh 113,473 | Ksh 48,138 | Ksh 51,862 |
| 8 | Ksh 122,548 | Ksh 62,151 | Ksh 37,849 |
| 9 | Ksh 128,569 | Ksh 79,217 | Ksh 20,783 |
| 10 | Ksh 130,873 | Ksh 100,000 | 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.