Middle East Bank loan calculator for Ksh 1,000,000 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 19,239
120 monthly payments
Estimated total repayment
Ksh 2,308,734
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,308,734
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 23,384
For 120 months · incl. fees
Total repaid
Ksh 2,666,346
Principal Ksh 1,000,000 + Ksh 1,666,346 extras
Effective APR
25.86%
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 1,000,000 |
| 1 | Ksh 195,602 | Ksh 35,271 | Ksh 964,729 |
| 2 | Ksh 383,521 | Ksh 78,226 | Ksh 921,774 |
| 3 | Ksh 562,083 | Ksh 130,538 | Ksh 869,462 |
| 4 | Ksh 729,249 | Ksh 194,244 | Ksh 805,756 |
| 5 | Ksh 882,538 | Ksh 271,829 | Ksh 728,171 |
| 6 | Ksh 1,018,927 | Ksh 366,313 | Ksh 633,687 |
| 7 | Ksh 1,134,734 | Ksh 481,380 | Ksh 518,620 |
| 8 | Ksh 1,225,476 | Ksh 621,511 | Ksh 378,489 |
| 9 | Ksh 1,285,693 | Ksh 792,168 | Ksh 207,832 |
| 10 | Ksh 1,308,734 | Ksh 1,000,000 | 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.