Middle East Bank loan calculator for Ksh 5,000,000 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 87,335
180 monthly payments
Estimated total repayment
Ksh 15,720,298
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 10,720,298
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
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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 108,060
For 180 months · incl. fees
Total repaid
Ksh 18,533,879
Principal Ksh 5,000,000 + Ksh 13,533,879 extras
Effective APR
25.59%
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 5,000,000 |
| 1 | Ksh 988,250 | Ksh 59,770 | Ksh 4,940,230 |
| 2 | Ksh 1,963,481 | Ksh 132,559 | Ksh 4,867,441 |
| 3 | Ksh 2,922,855 | Ksh 221,204 | Ksh 4,778,796 |
| 4 | Ksh 3,862,920 | Ksh 329,159 | Ksh 4,670,841 |
| 5 | Ksh 4,779,469 | Ksh 460,630 | Ksh 4,539,370 |
| 6 | Ksh 5,667,379 | Ksh 620,740 | Ksh 4,379,260 |
| 7 | Ksh 6,520,412 | Ksh 815,727 | Ksh 4,184,273 |
| 8 | Ksh 7,330,970 | Ksh 1,053,189 | Ksh 3,946,811 |
| 9 | Ksh 8,089,801 | Ksh 1,342,378 | Ksh 3,657,622 |
| 10 | Ksh 8,785,637 | Ksh 1,694,561 | Ksh 3,305,439 |
| 11 | Ksh 9,404,757 | Ksh 2,123,462 | Ksh 2,876,538 |
| 12 | Ksh 9,930,447 | Ksh 2,645,791 | Ksh 2,354,209 |
| 13 | Ksh 10,342,358 | Ksh 3,281,900 | Ksh 1,718,100 |
| 14 | Ksh 10,615,702 | Ksh 4,056,575 | Ksh 943,425 |
| 15 | Ksh 10,720,298 | 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.
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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.