SBM Bank Kenya loan calculator for Ksh 2,000,000 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 36,153
120 monthly payments
Estimated total repayment
Ksh 4,338,360
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 2,338,360
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 43,850
For 120 months · incl. fees
Total repaid
Ksh 4,990,295
Principal Ksh 2,000,000 + Ksh 2,990,295 extras
Effective APR
23.60%
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 2,000,000 |
| 1 | Ksh 355,517 | Ksh 78,319 | Ksh 1,921,681 |
| 2 | Ksh 695,630 | Ksh 172,042 | Ksh 1,827,958 |
| 3 | Ksh 1,017,309 | Ksh 284,199 | Ksh 1,715,801 |
| 4 | Ksh 1,316,930 | Ksh 418,414 | Ksh 1,581,586 |
| 5 | Ksh 1,590,154 | Ksh 579,026 | Ksh 1,420,974 |
| 6 | Ksh 1,831,789 | Ksh 771,228 | Ksh 1,228,772 |
| 7 | Ksh 2,035,621 | Ksh 1,001,231 | Ksh 998,769 |
| 8 | Ksh 2,194,217 | Ksh 1,276,471 | Ksh 723,529 |
| 9 | Ksh 2,298,679 | Ksh 1,605,845 | Ksh 394,155 |
| 10 | Ksh 2,338,360 | Ksh 2,000,000 | 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.