Middle East Bank loan calculator for Ksh 2,000,000 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 38,479
120 monthly payments
Estimated total repayment
Ksh 4,617,469
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 2,617,469
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 46,769
For 120 months · incl. fees
Total repaid
Ksh 5,327,692
Principal Ksh 2,000,000 + Ksh 3,327,692 extras
Effective APR
25.78%
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 2,000,000 |
| 1 | Ksh 391,204 | Ksh 70,543 | Ksh 1,929,457 |
| 2 | Ksh 767,042 | Ksh 156,452 | Ksh 1,843,548 |
| 3 | Ksh 1,124,165 | Ksh 261,075 | Ksh 1,738,925 |
| 4 | Ksh 1,458,499 | Ksh 388,489 | Ksh 1,611,511 |
| 5 | Ksh 1,765,077 | Ksh 543,657 | Ksh 1,456,343 |
| 6 | Ksh 2,037,855 | Ksh 732,627 | Ksh 1,267,373 |
| 7 | Ksh 2,269,469 | Ksh 962,759 | Ksh 1,037,241 |
| 8 | Ksh 2,450,952 | Ksh 1,243,023 | Ksh 756,977 |
| 9 | Ksh 2,571,385 | Ksh 1,584,337 | Ksh 415,663 |
| 10 | Ksh 2,617,469 | Ksh 2,000,000 | 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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