Middle East Bank loan calculator for Ksh 500,000 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 8,734
180 monthly payments
Estimated total repayment
Ksh 1,572,030
Ksh 500,000 principal + interest
Estimated interest
Ksh 1,072,030
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 10,806
For 180 months · incl. fees
Total repaid
Ksh 1,857,888
Principal Ksh 500,000 + Ksh 1,357,888 extras
Effective APR
25.86%
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 500,000 |
| 1 | Ksh 98,825 | Ksh 5,977 | Ksh 494,023 |
| 2 | Ksh 196,348 | Ksh 13,256 | Ksh 486,744 |
| 3 | Ksh 292,286 | Ksh 22,120 | Ksh 477,880 |
| 4 | Ksh 386,292 | Ksh 32,916 | Ksh 467,084 |
| 5 | Ksh 477,947 | Ksh 46,063 | Ksh 453,937 |
| 6 | Ksh 566,738 | Ksh 62,074 | Ksh 437,926 |
| 7 | Ksh 652,041 | Ksh 81,573 | Ksh 418,427 |
| 8 | Ksh 733,097 | Ksh 105,319 | Ksh 394,681 |
| 9 | Ksh 808,980 | Ksh 134,238 | Ksh 365,762 |
| 10 | Ksh 878,564 | Ksh 169,456 | Ksh 330,544 |
| 11 | Ksh 940,476 | Ksh 212,346 | Ksh 287,654 |
| 12 | Ksh 993,045 | Ksh 264,579 | Ksh 235,421 |
| 13 | Ksh 1,034,236 | Ksh 328,190 | Ksh 171,810 |
| 14 | Ksh 1,061,570 | Ksh 405,658 | Ksh 94,342 |
| 15 | Ksh 1,072,030 | 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.