SBM Bank Kenya loan calculator for Ksh 500,000 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 9,038
120 monthly payments
Estimated total repayment
Ksh 1,084,590
Ksh 500,000 principal + interest
Estimated interest
Ksh 584,590
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 10,962
For 120 months · incl. fees
Total repaid
Ksh 1,251,324
Principal Ksh 500,000 + Ksh 751,324 extras
Effective APR
23.85%
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 500,000 |
| 1 | Ksh 88,879 | Ksh 19,580 | Ksh 480,420 |
| 2 | Ksh 173,907 | Ksh 43,011 | Ksh 456,989 |
| 3 | Ksh 254,327 | Ksh 71,050 | Ksh 428,950 |
| 4 | Ksh 329,233 | Ksh 104,603 | Ksh 395,397 |
| 5 | Ksh 397,539 | Ksh 144,757 | Ksh 355,243 |
| 6 | Ksh 457,947 | Ksh 192,807 | Ksh 307,193 |
| 7 | Ksh 508,905 | Ksh 250,308 | Ksh 249,692 |
| 8 | Ksh 548,554 | Ksh 319,118 | Ksh 180,882 |
| 9 | Ksh 574,670 | Ksh 401,461 | Ksh 98,539 |
| 10 | Ksh 584,590 | Ksh 500,000 | 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.