Middle East Bank loan calculator for Ksh 2,000,000 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 33,773
240 monthly payments
Estimated total repayment
Ksh 8,105,407
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 6,105,406
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 42,063
For 240 months · incl. fees
Total repaid
Ksh 9,688,755
Principal Ksh 2,000,000 + Ksh 7,688,755 extras
Effective APR
25.58%
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 2,000,000 |
| 1 | Ksh 396,642 | Ksh 8,628 | Ksh 1,991,372 |
| 2 | Ksh 791,405 | Ksh 19,136 | Ksh 1,980,864 |
| 3 | Ksh 1,183,879 | Ksh 31,932 | Ksh 1,968,068 |
| 4 | Ksh 1,573,565 | Ksh 47,516 | Ksh 1,952,484 |
| 5 | Ksh 1,959,856 | Ksh 66,495 | Ksh 1,933,505 |
| 6 | Ksh 2,342,014 | Ksh 89,608 | Ksh 1,910,392 |
| 7 | Ksh 2,719,136 | Ksh 117,756 | Ksh 1,882,244 |
| 8 | Ksh 3,090,128 | Ksh 152,035 | Ksh 1,847,965 |
| 9 | Ksh 3,453,652 | Ksh 193,781 | Ksh 1,806,219 |
| 10 | Ksh 3,808,082 | Ksh 244,621 | Ksh 1,755,379 |
| 11 | Ksh 4,151,437 | Ksh 306,536 | Ksh 1,693,464 |
| 12 | Ksh 4,481,306 | Ksh 381,938 | Ksh 1,618,062 |
| 13 | Ksh 4,794,750 | Ksh 473,764 | Ksh 1,526,236 |
| 14 | Ksh 5,088,190 | Ksh 585,594 | Ksh 1,414,406 |
| 15 | Ksh 5,357,271 | Ksh 721,784 | Ksh 1,278,216 |
| 16 | Ksh 5,596,685 | Ksh 887,640 | Ksh 1,112,360 |
| 17 | Ksh 5,799,970 | Ksh 1,089,625 | Ksh 910,375 |
| 18 | Ksh 5,959,256 | Ksh 1,335,609 | Ksh 664,391 |
| 19 | Ksh 6,064,959 | Ksh 1,635,177 | Ksh 364,823 |
| 20 | Ksh 6,105,406 | 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.