Victoria Commercial Bank loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a Victoria Commercial Bank loan using the current 15.68% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 16,552
120 monthly payments
Estimated total repayment
Ksh 1,986,293
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 986,293
At 15.68%
Current Victoria Commercial Bank loan interest rate
Victoria Commercial Bank is listed at 15.68% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
Change loan details
Edit the values below; results update instantly.
Loan details
KESCentral Bank of Kenya · May 2025
-0.31 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 19,999
For 120 months · incl. fees
Total repaid
Ksh 2,276,452
Principal Ksh 1,000,000 + Ksh 1,276,452 extras
Effective APR
20.74%
Advertised rate 15.68% · 98.6% 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 1,000,000 |
| 1 | Ksh 153,659 | Ksh 44,970 | Ksh 955,030 |
| 2 | Ksh 299,737 | Ksh 97,521 | Ksh 902,479 |
| 3 | Ksh 436,957 | Ksh 158,931 | Ksh 841,069 |
| 4 | Ksh 563,824 | Ksh 230,693 | Ksh 769,307 |
| 5 | Ksh 678,594 | Ksh 314,552 | Ksh 685,448 |
| 6 | Ksh 779,228 | Ksh 412,548 | Ksh 587,452 |
| 7 | Ksh 863,342 | Ksh 527,063 | Ksh 472,937 |
| 8 | Ksh 928,151 | Ksh 660,883 | Ksh 339,117 |
| 9 | Ksh 970,403 | Ksh 817,261 | Ksh 182,739 |
| 10 | Ksh 986,293 | Ksh 1,000,000 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.