Middle East Bank loan calculator for Ksh 500,000 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 8,443
240 monthly payments
Estimated total repayment
Ksh 2,026,351
Ksh 500,000 principal + interest
Estimated interest
Ksh 1,526,352
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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Edit the values below; results update instantly.
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 10,516
For 240 months · incl. fees
Total repaid
Ksh 2,425,939
Principal Ksh 500,000 + Ksh 1,925,939 extras
Effective APR
25.79%
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 500,000 |
| 1 | Ksh 99,161 | Ksh 2,157 | Ksh 497,843 |
| 2 | Ksh 197,851 | Ksh 4,784 | Ksh 495,216 |
| 3 | Ksh 295,970 | Ksh 7,983 | Ksh 492,017 |
| 4 | Ksh 393,391 | Ksh 11,879 | Ksh 488,121 |
| 5 | Ksh 489,964 | Ksh 16,624 | Ksh 483,376 |
| 6 | Ksh 585,503 | Ksh 22,402 | Ksh 477,598 |
| 7 | Ksh 679,784 | Ksh 29,439 | Ksh 470,561 |
| 8 | Ksh 772,532 | Ksh 38,009 | Ksh 461,991 |
| 9 | Ksh 863,413 | Ksh 48,445 | Ksh 451,555 |
| 10 | Ksh 952,020 | Ksh 61,155 | Ksh 438,845 |
| 11 | Ksh 1,037,859 | Ksh 76,634 | Ksh 423,366 |
| 12 | Ksh 1,120,327 | Ksh 95,484 | Ksh 404,516 |
| 13 | Ksh 1,198,687 | Ksh 118,441 | Ksh 381,559 |
| 14 | Ksh 1,272,048 | Ksh 146,398 | Ksh 353,602 |
| 15 | Ksh 1,339,318 | Ksh 180,446 | Ksh 319,554 |
| 16 | Ksh 1,399,171 | Ksh 221,910 | Ksh 278,090 |
| 17 | Ksh 1,449,993 | Ksh 272,406 | Ksh 227,594 |
| 18 | Ksh 1,489,814 | Ksh 333,902 | Ksh 166,098 |
| 19 | Ksh 1,516,240 | Ksh 408,794 | Ksh 91,206 |
| 20 | Ksh 1,526,352 | 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.