Middle East Bank loan calculator for Ksh 1,000,000 over 5 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 26,422
60 monthly payments
Estimated total repayment
Ksh 1,585,296
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 585,296
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%.
Change loan details
Edit the values below; results update instantly.
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 30,567
For 60 months · incl. fees
Total repaid
Ksh 1,761,812
Principal Ksh 1,000,000 + Ksh 761,812 extras
Effective APR
26.42%
Advertised rate 19.87% · 58.5% interest on principal
Repayment mix over 5 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 187,303 | Ksh 129,756 | Ksh 870,244 |
| 2 | Ksh 346,341 | Ksh 287,777 | Ksh 712,223 |
| 3 | Ksh 470,957 | Ksh 480,220 | Ksh 519,780 |
| 4 | Ksh 553,653 | Ksh 714,584 | Ksh 285,416 |
| 5 | Ksh 585,296 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.