SBM Bank Kenya loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a SBM Bank Kenya loan using the current 18.09% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 18,077
120 monthly payments
Estimated total repayment
Ksh 2,169,180
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,169,180
At 18.09%
Current SBM Bank Kenya loan interest rate
SBM Bank Kenya is listed at 18.09% 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
+2.10 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 21,925
For 120 months · incl. fees
Total repaid
Ksh 2,497,648
Principal Ksh 1,000,000 + Ksh 1,497,648 extras
Effective APR
23.68%
Advertised rate 18.09% · 116.9% 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 1,000,000 |
| 1 | Ksh 177,758 | Ksh 39,160 | Ksh 960,840 |
| 2 | Ksh 347,815 | Ksh 86,021 | Ksh 913,979 |
| 3 | Ksh 508,655 | Ksh 142,099 | Ksh 857,901 |
| 4 | Ksh 658,465 | Ksh 209,207 | Ksh 790,793 |
| 5 | Ksh 795,077 | Ksh 289,513 | Ksh 710,487 |
| 6 | Ksh 915,894 | Ksh 385,614 | Ksh 614,386 |
| 7 | Ksh 1,017,811 | Ksh 500,615 | Ksh 499,385 |
| 8 | Ksh 1,097,109 | Ksh 638,236 | Ksh 361,764 |
| 9 | Ksh 1,149,340 | Ksh 802,923 | Ksh 197,077 |
| 10 | Ksh 1,169,180 | Ksh 1,000,000 | 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.