Middle East Bank loan calculator for Ksh 10,000,000 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 192,395
120 monthly payments
Estimated total repayment
Ksh 23,087,344
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 13,087,343
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 233,845
For 120 months · incl. fees
Total repaid
Ksh 26,618,460
Principal Ksh 10,000,000 + Ksh 16,618,460 extras
Effective APR
25.71%
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 10,000,000 |
| 1 | Ksh 1,956,020 | Ksh 352,714 | Ksh 9,647,286 |
| 2 | Ksh 3,835,208 | Ksh 782,261 | Ksh 9,217,739 |
| 3 | Ksh 5,620,826 | Ksh 1,305,377 | Ksh 8,694,623 |
| 4 | Ksh 7,292,493 | Ksh 1,942,445 | Ksh 8,057,555 |
| 5 | Ksh 8,825,385 | Ksh 2,718,287 | Ksh 7,281,713 |
| 6 | Ksh 10,189,273 | Ksh 3,663,133 | Ksh 6,336,867 |
| 7 | Ksh 11,347,343 | Ksh 4,813,797 | Ksh 5,186,203 |
| 8 | Ksh 12,254,760 | Ksh 6,215,114 | Ksh 3,784,886 |
| 9 | Ksh 12,856,925 | Ksh 7,921,684 | Ksh 2,078,316 |
| 10 | Ksh 13,087,343 | Ksh 10,000,000 | 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.