SBM Bank Kenya loan calculator for Ksh 2,000,000 over 15 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 32,338
180 monthly payments
Estimated total repayment
Ksh 5,820,842
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 3,820,842
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
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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 40,035
For 180 months · incl. fees
Total repaid
Ksh 6,851,223
Principal Ksh 2,000,000 + Ksh 4,851,223 extras
Effective APR
23.45%
Advertised rate 18.09% · 191.0% interest on principal
Repayment mix over 15 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 359,510 | Ksh 28,546 | Ksh 1,971,454 |
| 2 | Ksh 713,405 | Ksh 62,707 | Ksh 1,937,293 |
| 3 | Ksh 1,060,582 | Ksh 103,586 | Ksh 1,896,414 |
| 4 | Ksh 1,399,719 | Ksh 152,506 | Ksh 1,847,494 |
| 5 | Ksh 1,729,234 | Ksh 211,047 | Ksh 1,788,953 |
| 6 | Ksh 2,047,235 | Ksh 281,102 | Ksh 1,718,898 |
| 7 | Ksh 2,351,458 | Ksh 364,935 | Ksh 1,635,065 |
| 8 | Ksh 2,639,193 | Ksh 465,256 | Ksh 1,534,744 |
| 9 | Ksh 2,907,197 | Ksh 585,308 | Ksh 1,414,692 |
| 10 | Ksh 3,151,589 | Ksh 728,972 | Ksh 1,271,028 |
| 11 | Ksh 3,367,726 | Ksh 900,892 | Ksh 1,099,108 |
| 12 | Ksh 3,550,049 | Ksh 1,106,625 | Ksh 893,375 |
| 13 | Ksh 3,691,909 | Ksh 1,352,820 | Ksh 647,180 |
| 14 | Ksh 3,785,348 | Ksh 1,647,438 | Ksh 352,562 |
| 15 | Ksh 3,820,842 | 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.