Middle East Bank loan calculator for Ksh 2,000,000 over 15 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 34,934
180 monthly payments
Estimated total repayment
Ksh 6,288,118
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 4,288,119
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
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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 43,224
For 180 months · incl. fees
Total repaid
Ksh 7,416,552
Principal Ksh 2,000,000 + Ksh 5,416,552 extras
Effective APR
25.63%
Advertised rate 19.87% · 214.4% interest on principal
Repayment mix over 15 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 395,300 | Ksh 23,908 | Ksh 1,976,092 |
| 2 | Ksh 785,392 | Ksh 53,024 | Ksh 1,946,976 |
| 3 | Ksh 1,169,142 | Ksh 88,482 | Ksh 1,911,518 |
| 4 | Ksh 1,545,168 | Ksh 131,664 | Ksh 1,868,336 |
| 5 | Ksh 1,911,788 | Ksh 184,252 | Ksh 1,815,748 |
| 6 | Ksh 2,266,952 | Ksh 248,296 | Ksh 1,751,704 |
| 7 | Ksh 2,608,165 | Ksh 326,291 | Ksh 1,673,709 |
| 8 | Ksh 2,932,388 | Ksh 421,276 | Ksh 1,578,724 |
| 9 | Ksh 3,235,920 | Ksh 536,951 | Ksh 1,463,049 |
| 10 | Ksh 3,514,255 | Ksh 677,824 | Ksh 1,322,176 |
| 11 | Ksh 3,761,903 | Ksh 849,385 | Ksh 1,150,615 |
| 12 | Ksh 3,972,179 | Ksh 1,058,316 | Ksh 941,684 |
| 13 | Ksh 4,136,943 | Ksh 1,312,760 | Ksh 687,240 |
| 14 | Ksh 4,246,281 | Ksh 1,622,630 | Ksh 377,370 |
| 15 | Ksh 4,288,119 | 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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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.