SBM Bank Kenya loan calculator for Ksh 1,000,000 over 5 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 25,442
60 monthly payments
Estimated total repayment
Ksh 1,526,545
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 526,545
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 29,291
For 60 months · incl. fees
Total repaid
Ksh 1,690,961
Principal Ksh 1,000,000 + Ksh 690,961 extras
Effective APR
24.25%
Advertised rate 18.09% · 52.7% interest on principal
Repayment mix over 5 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 170,049 | Ksh 135,260 | Ksh 864,740 |
| 2 | Ksh 313,494 | Ksh 297,124 | Ksh 702,876 |
| 3 | Ksh 425,105 | Ksh 490,822 | Ksh 509,178 |
| 4 | Ksh 498,619 | Ksh 722,616 | Ksh 277,384 |
| 5 | Ksh 526,545 | 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.