SBM Bank Kenya loan calculator for Ksh 1,000,000 over 20 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 15,502
240 monthly payments
Estimated total repayment
Ksh 3,720,578
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,720,579
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%.
Change loan details
Edit the values below; results update instantly.
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 19,351
For 240 months · incl. fees
Total repaid
Ksh 4,445,086
Principal Ksh 1,000,000 + Ksh 3,445,086 extras
Effective APR
23.46%
Advertised rate 18.09% · 272.1% 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 1,000,000 |
| 1 | Ksh 180,453 | Ksh 5,576 | Ksh 994,424 |
| 2 | Ksh 359,809 | Ksh 12,249 | Ksh 987,751 |
| 3 | Ksh 537,852 | Ksh 20,235 | Ksh 979,765 |
| 4 | Ksh 714,325 | Ksh 29,791 | Ksh 970,209 |
| 5 | Ksh 888,918 | Ksh 41,227 | Ksh 958,773 |
| 6 | Ksh 1,061,262 | Ksh 54,911 | Ksh 945,089 |
| 7 | Ksh 1,230,915 | Ksh 71,288 | Ksh 928,713 |
| 8 | Ksh 1,397,347 | Ksh 90,885 | Ksh 909,115 |
| 9 | Ksh 1,559,925 | Ksh 114,336 | Ksh 885,664 |
| 10 | Ksh 1,717,890 | Ksh 142,400 | Ksh 857,600 |
| 11 | Ksh 1,870,335 | Ksh 175,983 | Ksh 824,017 |
| 12 | Ksh 2,016,176 | Ksh 216,171 | Ksh 783,829 |
| 13 | Ksh 2,154,112 | Ksh 264,264 | Ksh 735,736 |
| 14 | Ksh 2,282,590 | Ksh 321,816 | Ksh 678,184 |
| 15 | Ksh 2,399,748 | Ksh 390,686 | Ksh 609,314 |
| 16 | Ksh 2,503,361 | Ksh 473,102 | Ksh 526,898 |
| 17 | Ksh 2,590,765 | Ksh 571,728 | Ksh 428,272 |
| 18 | Ksh 2,658,771 | Ksh 689,751 | Ksh 310,249 |
| 19 | Ksh 2,703,564 | Ksh 830,986 | Ksh 169,014 |
| 20 | Ksh 2,720,579 | 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.