SBM Bank Kenya loan calculator for Ksh 2,000,000 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 50,885
60 monthly payments
Estimated total repayment
Ksh 3,053,090
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 1,053,090
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 58,581
For 60 months · incl. fees
Total repaid
Ksh 3,376,921
Principal Ksh 2,000,000 + Ksh 1,376,921 extras
Effective APR
24.12%
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 2,000,000 |
| 1 | Ksh 340,097 | Ksh 270,521 | Ksh 1,729,479 |
| 2 | Ksh 626,989 | Ksh 594,247 | Ksh 1,405,753 |
| 3 | Ksh 850,210 | Ksh 981,644 | Ksh 1,018,356 |
| 4 | Ksh 997,239 | Ksh 1,445,233 | Ksh 554,767 |
| 5 | Ksh 1,053,090 | 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.