Middle East Bank loan calculator for Ksh 100,000 over 20 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 1,689
240 monthly payments
Estimated total repayment
Ksh 405,271
Ksh 100,000 principal + interest
Estimated interest
Ksh 305,270
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 2,103
For 240 months · incl. fees
Total repaid
Ksh 489,188
Principal Ksh 100,000 + Ksh 389,188 extras
Effective APR
26.95%
Advertised rate 19.87% · 305.3% 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 100,000 |
| 1 | Ksh 19,832 | Ksh 431 | Ksh 99,569 |
| 2 | Ksh 39,570 | Ksh 957 | Ksh 99,043 |
| 3 | Ksh 59,194 | Ksh 1,597 | Ksh 98,403 |
| 4 | Ksh 78,678 | Ksh 2,376 | Ksh 97,624 |
| 5 | Ksh 97,993 | Ksh 3,325 | Ksh 96,675 |
| 6 | Ksh 117,101 | Ksh 4,480 | Ksh 95,520 |
| 7 | Ksh 135,957 | Ksh 5,888 | Ksh 94,112 |
| 8 | Ksh 154,506 | Ksh 7,602 | Ksh 92,398 |
| 9 | Ksh 172,683 | Ksh 9,689 | Ksh 90,311 |
| 10 | Ksh 190,404 | Ksh 12,231 | Ksh 87,769 |
| 11 | Ksh 207,572 | Ksh 15,327 | Ksh 84,673 |
| 12 | Ksh 224,065 | Ksh 19,097 | Ksh 80,903 |
| 13 | Ksh 239,737 | Ksh 23,688 | Ksh 76,312 |
| 14 | Ksh 254,410 | Ksh 29,280 | Ksh 70,720 |
| 15 | Ksh 267,864 | Ksh 36,089 | Ksh 63,911 |
| 16 | Ksh 279,834 | Ksh 44,382 | Ksh 55,618 |
| 17 | Ksh 289,999 | Ksh 54,481 | Ksh 45,519 |
| 18 | Ksh 297,963 | Ksh 66,780 | Ksh 33,220 |
| 19 | Ksh 303,248 | Ksh 81,759 | Ksh 18,241 |
| 20 | Ksh 305,270 | 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.