Middle East Bank loan calculator for Ksh 10,000,000 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 168,863
240 monthly payments
Estimated total repayment
Ksh 40,527,031
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 30,527,031
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 210,313
For 240 months · incl. fees
Total repaid
Ksh 48,423,774
Principal Ksh 10,000,000 + Ksh 38,423,774 extras
Effective APR
25.53%
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 10,000,000 |
| 1 | Ksh 1,983,211 | Ksh 43,141 | Ksh 9,956,859 |
| 2 | Ksh 3,957,024 | Ksh 95,679 | Ksh 9,904,321 |
| 3 | Ksh 5,919,393 | Ksh 159,661 | Ksh 9,840,339 |
| 4 | Ksh 7,867,824 | Ksh 237,582 | Ksh 9,762,418 |
| 5 | Ksh 9,799,282 | Ksh 332,475 | Ksh 9,667,525 |
| 6 | Ksh 11,710,069 | Ksh 448,040 | Ksh 9,551,960 |
| 7 | Ksh 13,595,682 | Ksh 588,779 | Ksh 9,411,221 |
| 8 | Ksh 15,450,638 | Ksh 760,175 | Ksh 9,239,825 |
| 9 | Ksh 17,268,258 | Ksh 968,906 | Ksh 9,031,094 |
| 10 | Ksh 19,040,409 | Ksh 1,223,106 | Ksh 8,776,894 |
| 11 | Ksh 20,757,187 | Ksh 1,532,680 | Ksh 8,467,320 |
| 12 | Ksh 22,406,530 | Ksh 1,909,688 | Ksh 8,090,312 |
| 13 | Ksh 23,973,748 | Ksh 2,368,822 | Ksh 7,631,178 |
| 14 | Ksh 25,440,952 | Ksh 2,927,969 | Ksh 7,072,031 |
| 15 | Ksh 26,786,355 | Ksh 3,608,918 | Ksh 6,391,082 |
| 16 | Ksh 27,983,425 | Ksh 4,438,199 | Ksh 5,561,801 |
| 17 | Ksh 28,999,851 | Ksh 5,448,125 | Ksh 4,551,875 |
| 18 | Ksh 29,796,282 | Ksh 6,678,046 | Ksh 3,321,954 |
| 19 | Ksh 30,324,795 | Ksh 8,175,884 | Ksh 1,824,116 |
| 20 | Ksh 30,527,031 | 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.
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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.