Middle East Bank loan calculator for Ksh 500,000 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 9,620
120 monthly payments
Estimated total repayment
Ksh 1,154,368
Ksh 500,000 principal + interest
Estimated interest
Ksh 654,367
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 11,692
For 120 months · incl. fees
Total repaid
Ksh 1,335,673
Principal Ksh 500,000 + Ksh 835,673 extras
Effective APR
26.04%
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 500,000 |
| 1 | Ksh 97,801 | Ksh 17,636 | Ksh 482,364 |
| 2 | Ksh 191,760 | Ksh 39,113 | Ksh 460,887 |
| 3 | Ksh 281,041 | Ksh 65,269 | Ksh 434,731 |
| 4 | Ksh 364,625 | Ksh 97,122 | Ksh 402,878 |
| 5 | Ksh 441,269 | Ksh 135,914 | Ksh 364,086 |
| 6 | Ksh 509,464 | Ksh 183,157 | Ksh 316,843 |
| 7 | Ksh 567,367 | Ksh 240,690 | Ksh 259,310 |
| 8 | Ksh 612,738 | Ksh 310,756 | Ksh 189,244 |
| 9 | Ksh 642,846 | Ksh 396,084 | Ksh 103,916 |
| 10 | Ksh 654,367 | Ksh 500,000 | 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.