Middle East Bank loan calculator for Ksh 5,000,000 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 84,431
240 monthly payments
Estimated total repayment
Ksh 20,263,514
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 15,263,515
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 105,156
For 240 months · incl. fees
Total repaid
Ksh 24,214,387
Principal Ksh 5,000,000 + Ksh 19,214,387 extras
Effective APR
25.54%
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 5,000,000 |
| 1 | Ksh 991,605 | Ksh 21,570 | Ksh 4,978,430 |
| 2 | Ksh 1,978,512 | Ksh 47,839 | Ksh 4,952,161 |
| 3 | Ksh 2,959,697 | Ksh 79,831 | Ksh 4,920,169 |
| 4 | Ksh 3,933,912 | Ksh 118,791 | Ksh 4,881,209 |
| 5 | Ksh 4,899,641 | Ksh 166,238 | Ksh 4,833,762 |
| 6 | Ksh 5,855,035 | Ksh 224,020 | Ksh 4,775,980 |
| 7 | Ksh 6,797,841 | Ksh 294,389 | Ksh 4,705,611 |
| 8 | Ksh 7,725,319 | Ksh 380,087 | Ksh 4,619,913 |
| 9 | Ksh 8,634,129 | Ksh 484,453 | Ksh 4,515,547 |
| 10 | Ksh 9,520,204 | Ksh 611,553 | Ksh 4,388,447 |
| 11 | Ksh 10,378,594 | Ksh 766,340 | Ksh 4,233,660 |
| 12 | Ksh 11,203,265 | Ksh 954,844 | Ksh 4,045,156 |
| 13 | Ksh 11,986,874 | Ksh 1,184,411 | Ksh 3,815,589 |
| 14 | Ksh 12,720,476 | Ksh 1,463,985 | Ksh 3,536,015 |
| 15 | Ksh 13,393,178 | Ksh 1,804,459 | Ksh 3,195,541 |
| 16 | Ksh 13,991,713 | Ksh 2,219,100 | Ksh 2,780,900 |
| 17 | Ksh 14,499,926 | Ksh 2,724,063 | Ksh 2,275,938 |
| 18 | Ksh 14,898,141 | Ksh 3,339,023 | Ksh 1,660,977 |
| 19 | Ksh 15,162,398 | Ksh 4,087,942 | Ksh 912,058 |
| 20 | Ksh 15,263,515 | 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.