Middle East Bank loan calculator for Ksh 5,000,000 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 96,197
120 monthly payments
Estimated total repayment
Ksh 11,543,671
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 6,543,672
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%.
Change loan details
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 116,922
For 120 months · incl. fees
Total repaid
Ksh 13,311,730
Principal Ksh 5,000,000 + Ksh 8,311,730 extras
Effective APR
25.72%
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 5,000,000 |
| 1 | Ksh 978,010 | Ksh 176,357 | Ksh 4,823,643 |
| 2 | Ksh 1,917,604 | Ksh 391,130 | Ksh 4,608,870 |
| 3 | Ksh 2,810,413 | Ksh 652,688 | Ksh 4,347,312 |
| 4 | Ksh 3,646,246 | Ksh 971,222 | Ksh 4,028,778 |
| 5 | Ksh 4,412,692 | Ksh 1,359,143 | Ksh 3,640,857 |
| 6 | Ksh 5,094,637 | Ksh 1,831,566 | Ksh 3,168,434 |
| 7 | Ksh 5,673,671 | Ksh 2,406,899 | Ksh 2,593,101 |
| 8 | Ksh 6,127,380 | Ksh 3,107,557 | Ksh 1,892,443 |
| 9 | Ksh 6,428,463 | Ksh 3,960,842 | Ksh 1,039,158 |
| 10 | Ksh 6,543,672 | Ksh 5,000,000 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.