Middle East Bank loan calculator for Ksh 1,000,000 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 16,886
240 monthly payments
Estimated total repayment
Ksh 4,052,702
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 3,052,703
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 21,031
For 240 months · incl. fees
Total repaid
Ksh 4,846,877
Principal Ksh 1,000,000 + Ksh 3,846,877 extras
Effective APR
25.65%
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 1,000,000 |
| 1 | Ksh 198,321 | Ksh 4,314 | Ksh 995,686 |
| 2 | Ksh 395,702 | Ksh 9,568 | Ksh 990,432 |
| 3 | Ksh 591,939 | Ksh 15,966 | Ksh 984,034 |
| 4 | Ksh 786,782 | Ksh 23,758 | Ksh 976,242 |
| 5 | Ksh 979,928 | Ksh 33,248 | Ksh 966,752 |
| 6 | Ksh 1,171,007 | Ksh 44,804 | Ksh 955,196 |
| 7 | Ksh 1,359,568 | Ksh 58,878 | Ksh 941,122 |
| 8 | Ksh 1,545,064 | Ksh 76,017 | Ksh 923,983 |
| 9 | Ksh 1,726,826 | Ksh 96,891 | Ksh 903,109 |
| 10 | Ksh 1,904,041 | Ksh 122,311 | Ksh 877,689 |
| 11 | Ksh 2,075,719 | Ksh 153,268 | Ksh 846,732 |
| 12 | Ksh 2,240,653 | Ksh 190,969 | Ksh 809,031 |
| 13 | Ksh 2,397,375 | Ksh 236,882 | Ksh 763,118 |
| 14 | Ksh 2,544,095 | Ksh 292,797 | Ksh 707,203 |
| 15 | Ksh 2,678,636 | Ksh 360,892 | Ksh 639,108 |
| 16 | Ksh 2,798,343 | Ksh 443,820 | Ksh 556,180 |
| 17 | Ksh 2,899,985 | Ksh 544,813 | Ksh 455,188 |
| 18 | Ksh 2,979,628 | Ksh 667,805 | Ksh 332,195 |
| 19 | Ksh 3,032,480 | Ksh 817,588 | Ksh 182,412 |
| 20 | Ksh 3,052,703 | 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.