SBM Bank Kenya loan calculator for Ksh 500,000 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 7,751
240 monthly payments
Estimated total repayment
Ksh 1,860,290
Ksh 500,000 principal + interest
Estimated interest
Ksh 1,360,290
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 9,675
For 240 months · incl. fees
Total repaid
Ksh 2,225,043
Principal Ksh 500,000 + Ksh 1,725,043 extras
Effective APR
23.59%
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 500,000 |
| 1 | Ksh 90,226 | Ksh 2,788 | Ksh 497,212 |
| 2 | Ksh 179,904 | Ksh 6,125 | Ksh 493,875 |
| 3 | Ksh 268,926 | Ksh 10,117 | Ksh 489,883 |
| 4 | Ksh 357,162 | Ksh 14,896 | Ksh 485,105 |
| 5 | Ksh 444,459 | Ksh 20,613 | Ksh 479,387 |
| 6 | Ksh 530,631 | Ksh 27,456 | Ksh 472,544 |
| 7 | Ksh 615,458 | Ksh 35,644 | Ksh 464,356 |
| 8 | Ksh 698,674 | Ksh 45,442 | Ksh 454,558 |
| 9 | Ksh 779,962 | Ksh 57,168 | Ksh 442,832 |
| 10 | Ksh 858,945 | Ksh 71,200 | Ksh 428,800 |
| 11 | Ksh 935,168 | Ksh 87,992 | Ksh 412,008 |
| 12 | Ksh 1,008,088 | Ksh 108,086 | Ksh 391,914 |
| 13 | Ksh 1,077,056 | Ksh 132,132 | Ksh 367,868 |
| 14 | Ksh 1,141,295 | Ksh 160,908 | Ksh 339,092 |
| 15 | Ksh 1,199,874 | Ksh 195,343 | Ksh 304,657 |
| 16 | Ksh 1,251,681 | Ksh 236,551 | Ksh 263,449 |
| 17 | Ksh 1,295,382 | Ksh 285,864 | Ksh 214,136 |
| 18 | Ksh 1,329,385 | Ksh 344,875 | Ksh 155,125 |
| 19 | Ksh 1,351,782 | Ksh 415,493 | Ksh 84,507 |
| 20 | Ksh 1,360,290 | 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.