SBM Bank Kenya loan calculator for Ksh 2,000,000 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 31,005
240 monthly payments
Estimated total repayment
Ksh 7,441,159
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 5,441,158
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 38,701
For 240 months · incl. fees
Total repaid
Ksh 8,885,173
Principal Ksh 2,000,000 + Ksh 6,885,173 extras
Effective APR
23.39%
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 2,000,000 |
| 1 | Ksh 360,905 | Ksh 11,153 | Ksh 1,988,847 |
| 2 | Ksh 719,617 | Ksh 24,499 | Ksh 1,975,501 |
| 3 | Ksh 1,075,704 | Ksh 40,470 | Ksh 1,959,530 |
| 4 | Ksh 1,428,650 | Ksh 59,582 | Ksh 1,940,418 |
| 5 | Ksh 1,777,836 | Ksh 82,453 | Ksh 1,917,547 |
| 6 | Ksh 2,122,525 | Ksh 109,823 | Ksh 1,890,177 |
| 7 | Ksh 2,461,830 | Ksh 142,575 | Ksh 1,857,425 |
| 8 | Ksh 2,794,694 | Ksh 181,769 | Ksh 1,818,231 |
| 9 | Ksh 3,119,849 | Ksh 228,672 | Ksh 1,771,328 |
| 10 | Ksh 3,435,780 | Ksh 284,799 | Ksh 1,715,201 |
| 11 | Ksh 3,740,671 | Ksh 351,966 | Ksh 1,648,034 |
| 12 | Ksh 4,032,352 | Ksh 432,343 | Ksh 1,567,657 |
| 13 | Ksh 4,308,225 | Ksh 528,528 | Ksh 1,471,472 |
| 14 | Ksh 4,565,180 | Ksh 643,631 | Ksh 1,356,369 |
| 15 | Ksh 4,799,496 | Ksh 781,372 | Ksh 1,218,628 |
| 16 | Ksh 5,006,722 | Ksh 946,204 | Ksh 1,053,796 |
| 17 | Ksh 5,181,529 | Ksh 1,143,455 | Ksh 856,545 |
| 18 | Ksh 5,317,541 | Ksh 1,379,501 | Ksh 620,499 |
| 19 | Ksh 5,407,128 | Ksh 1,661,973 | Ksh 338,027 |
| 20 | Ksh 5,441,158 | 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.