Middle East Bank loan calculator for Ksh 500,000 over 5 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 13,211
60 monthly payments
Estimated total repayment
Ksh 792,648
Ksh 500,000 principal + interest
Estimated interest
Ksh 292,648
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 15,283
For 60 months · incl. fees
Total repaid
Ksh 883,406
Principal Ksh 500,000 + Ksh 383,406 extras
Effective APR
26.69%
Advertised rate 19.87% · 58.5% interest on principal
Repayment mix over 5 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 93,652 | Ksh 64,878 | Ksh 435,122 |
| 2 | Ksh 173,171 | Ksh 143,889 | Ksh 356,111 |
| 3 | Ksh 235,479 | Ksh 240,110 | Ksh 259,890 |
| 4 | Ksh 276,826 | Ksh 357,292 | Ksh 142,708 |
| 5 | Ksh 292,648 | 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.