Middle East Bank loan calculator for Ksh 1,000,000 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 17,467
180 monthly payments
Estimated total repayment
Ksh 3,144,060
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,144,060
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 21,612
For 180 months · incl. fees
Total repaid
Ksh 3,710,776
Principal Ksh 1,000,000 + Ksh 2,710,776 extras
Effective APR
25.71%
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 1,000,000 |
| 1 | Ksh 197,650 | Ksh 11,954 | Ksh 988,046 |
| 2 | Ksh 392,696 | Ksh 26,512 | Ksh 973,488 |
| 3 | Ksh 584,571 | Ksh 44,241 | Ksh 955,759 |
| 4 | Ksh 772,584 | Ksh 65,832 | Ksh 934,168 |
| 5 | Ksh 955,894 | Ksh 92,126 | Ksh 907,874 |
| 6 | Ksh 1,133,476 | Ksh 124,148 | Ksh 875,852 |
| 7 | Ksh 1,304,082 | Ksh 163,145 | Ksh 836,855 |
| 8 | Ksh 1,466,194 | Ksh 210,638 | Ksh 789,362 |
| 9 | Ksh 1,617,960 | Ksh 268,476 | Ksh 731,524 |
| 10 | Ksh 1,757,127 | Ksh 338,912 | Ksh 661,088 |
| 11 | Ksh 1,880,951 | Ksh 424,692 | Ksh 575,308 |
| 12 | Ksh 1,986,089 | Ksh 529,158 | Ksh 470,842 |
| 13 | Ksh 2,068,472 | Ksh 656,380 | Ksh 343,620 |
| 14 | Ksh 2,123,141 | Ksh 811,315 | Ksh 188,685 |
| 15 | Ksh 2,144,060 | 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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