Kenya Finance CalculatorOctober 2026
Calculators are for planning and estimation only. Verify final tax, payroll, loan, investment or property figures with the relevant institution or adviser.
Loan tools / Loan repayment by amount
Monthly Repayment on a KSh 1,000,000 Loan in Kenya
A KSh 1,000,000 loan at 18% a year over 36 months costs about KSh 36,152 a month and KSh 301,486in total interest. Rates below are illustrative, so enter your lender's rate in the calculator.
KSh 1,000,000 loan at 14% (reducing balance)
| Term | Monthly repayment | Total interest | Total repaid |
|---|---|---|---|
| 12 months (1 year) | KSh 89,787 | KSh 77,445 | KSh 1,077,445 |
| 24 months (2 years) | KSh 48,013 | KSh 152,309 | KSh 1,152,309 |
| 36 months (3 years) | KSh 34,178 | KSh 230,395 | KSh 1,230,395 |
| 48 months (4 years) | KSh 27,326 | KSh 311,671 | KSh 1,311,671 |
| 60 months (5 years) | KSh 23,268 | KSh 396,095 | KSh 1,396,095 |
KSh 1,000,000 loan at 18% (reducing balance)
| Term | Monthly repayment | Total interest | Total repaid |
|---|---|---|---|
| 12 months (1 year) | KSh 91,680 | KSh 100,160 | KSh 1,100,160 |
| 24 months (2 years) | KSh 49,924 | KSh 198,178 | KSh 1,198,178 |
| 36 months (3 years) | KSh 36,152 | KSh 301,486 | KSh 1,301,486 |
| 48 months (4 years) | KSh 29,375 | KSh 410,000 | KSh 1,410,000 |
| 60 months (5 years) | KSh 25,393 | KSh 523,606 | KSh 1,523,606 |
KSh 1,000,000 loan at 24% (reducing balance)
| Term | Monthly repayment | Total interest | Total repaid |
|---|---|---|---|
| 12 months (1 year) | KSh 94,560 | KSh 134,715 | KSh 1,134,715 |
| 24 months (2 years) | KSh 52,871 | KSh 268,906 | KSh 1,268,906 |
| 36 months (3 years) | KSh 39,233 | KSh 412,383 | KSh 1,412,383 |
| 48 months (4 years) | KSh 32,602 | KSh 564,888 | KSh 1,564,888 |
| 60 months (5 years) | KSh 28,768 | KSh 726,078 | KSh 1,726,078 |
Illustrative rates with no fees or insurance, not a lender's offer. Read how flat and reducing balance interest differ, or use the personal loan calculator.
Quick Answers
KSh 1,000,000 loan FAQs
What is the monthly repayment on a KSh 1,000,000 loan in Kenya?
At 18% a year on a reducing balance over 36 months, about KSh 36,152 a month, with KSh 301,486 total interest. At 14% it is about KSh 34,178 and at 24% about KSh 39,233.
Is it cheaper to repay KSh 1,000,000 over 12 or 60 months?
Over 12 months at 18% you pay about KSh 91,680 a month and KSh 100,160 interest. Over 60 months the payment drops to about KSh 25,393 but interest rises to KSh 523,606.
Are these figures a lender's offer?
No. They use illustrative rates on a reducing balance with no fees. Your lender's rate, processing fees, insurance and whether interest is flat or reducing balance all change the real cost, so always ask for a full repayment schedule.
What is the difference between flat and reducing balance interest?
Reducing balance charges interest only on what you still owe, so interest falls as you repay. Flat interest charges on the original amount for the whole term, which costs more for the same quoted rate. These figures assume reducing balance.
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