Bank Loan Calculator
Calculate your monthly repayments, total cost, and view complete amortization schedule. Designed for all major Kenyan banks including personal loans, salary advances, asset finance, and mortgages.
Select Loan Type
Loan Details
Used to estimate maximum loan eligibility
Bank rates typically 13% – 18% for personal loans
Usually 1% – 3%
Usually 0.5% – 1% annually
About Bank Loans in Kenya
- • CRB Check: All banks check Credit Reference Bureau
- • Salary Requirement: Most loans require payslip/bank statement
- • Debt-to-Income: Monthly repayments typically limited to 50-60% of income
- • Early Repayment: Some banks charge early settlement fees
Monthly Repayment (EMI)
Principal + Interest + Insurance
High Debt-to-Income Ratio
Your monthly repayment exceeds 50% of your stated income. Banks may reject this application.
Principal
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Interest
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Fees
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Total
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Repayment Schedule
| Month | Payment | Principal | Interest | Balance |
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Compare Loan Terms
See how extending or reducing your loan term affects monthly payments and total cost.
Understanding Bank Loans in Kenya
Commercial banks in Kenya offer various loan products with interest rates typically ranging from 13% to 20% per annum on reducing balance. The actual rate you receive depends on your credit score, income stability, and relationship with the bank.
Key Differences from Sacco Loans
- No Membership Required: Unlike Saccos, you don’t need to be a member or have savings
- Credit Bureau Check: Banks strictly check CRB status; defaults may disqualify you
- Higher Limits: Banks typically offer higher maximum loan amounts
- More Fees: Banks often have more fee structures including legal fees, valuation fees for mortgages
- Faster Processing: Salary advance and digital loans can be instant
Tips for Loan Approval
- Maintain a clean CRB record with no defaults
- Keep your debt-to-income ratio below 50%
- Have a stable employment history (usually 6+ months)
- Maintain an active account with the lending bank
- Provide accurate and complete documentation