Middle East Bank loan calculator for Ksh 100,000 over 15 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 1,747
180 monthly payments
Estimated total repayment
Ksh 314,406
Ksh 100,000 principal + interest
Estimated interest
Ksh 214,406
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 2,161
For 180 months · incl. fees
Total repaid
Ksh 375,578
Principal Ksh 100,000 + Ksh 275,578 extras
Effective APR
27.10%
Advertised rate 19.87% · 214.4% interest on principal
Repayment mix over 15 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 19,765 | Ksh 1,195 | Ksh 98,805 |
| 2 | Ksh 39,270 | Ksh 2,651 | Ksh 97,349 |
| 3 | Ksh 58,457 | Ksh 4,424 | Ksh 95,576 |
| 4 | Ksh 77,258 | Ksh 6,583 | Ksh 93,417 |
| 5 | Ksh 95,589 | Ksh 9,213 | Ksh 90,787 |
| 6 | Ksh 113,348 | Ksh 12,415 | Ksh 87,585 |
| 7 | Ksh 130,408 | Ksh 16,315 | Ksh 83,685 |
| 8 | Ksh 146,619 | Ksh 21,064 | Ksh 78,936 |
| 9 | Ksh 161,796 | Ksh 26,848 | Ksh 73,152 |
| 10 | Ksh 175,713 | Ksh 33,891 | Ksh 66,109 |
| 11 | Ksh 188,095 | Ksh 42,469 | Ksh 57,531 |
| 12 | Ksh 198,609 | Ksh 52,916 | Ksh 47,084 |
| 13 | Ksh 206,847 | Ksh 65,638 | Ksh 34,362 |
| 14 | Ksh 212,314 | Ksh 81,132 | Ksh 18,868 |
| 15 | Ksh 214,406 | 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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