Victoria Commercial Bank loan calculator for Ksh 500,000 over 20 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 6,837
240 monthly payments
Estimated total repayment
Ksh 1,640,765
Ksh 500,000 principal + interest
Estimated interest
Ksh 1,140,765
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%.
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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 8,560
For 240 months · incl. fees
Total repaid
Ksh 1,959,170
Principal Ksh 500,000 + Ksh 1,459,170 extras
Effective APR
20.61%
Advertised rate 15.68% · 228.2% 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 78,127 | Ksh 3,911 | Ksh 496,089 |
| 2 | Ksh 155,594 | Ksh 8,482 | Ksh 491,518 |
| 3 | Ksh 232,291 | Ksh 13,824 | Ksh 486,176 |
| 4 | Ksh 308,088 | Ksh 20,065 | Ksh 479,935 |
| 5 | Ksh 382,832 | Ksh 27,359 | Ksh 472,641 |
| 6 | Ksh 456,347 | Ksh 35,883 | Ksh 464,117 |
| 7 | Ksh 528,425 | Ksh 45,843 | Ksh 454,157 |
| 8 | Ksh 598,824 | Ksh 57,482 | Ksh 442,518 |
| 9 | Ksh 667,260 | Ksh 71,084 | Ksh 428,916 |
| 10 | Ksh 733,404 | Ksh 86,978 | Ksh 413,022 |
| 11 | Ksh 796,869 | Ksh 105,552 | Ksh 394,448 |
| 12 | Ksh 857,202 | Ksh 127,257 | Ksh 372,743 |
| 13 | Ksh 913,877 | Ksh 152,620 | Ksh 347,380 |
| 14 | Ksh 966,276 | Ksh 182,259 | Ksh 317,741 |
| 15 | Ksh 1,013,678 | Ksh 216,895 | Ksh 283,105 |
| 16 | Ksh 1,055,242 | Ksh 257,369 | Ksh 242,631 |
| 17 | Ksh 1,089,983 | Ksh 304,667 | Ksh 195,333 |
| 18 | Ksh 1,116,751 | Ksh 359,937 | Ksh 140,063 |
| 19 | Ksh 1,134,202 | Ksh 424,525 | Ksh 75,475 |
| 20 | Ksh 1,140,765 | 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.