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Home Loan Calculator Kenya — Monthly Mortgage Repayment

Enter your property price, down payment, interest rate, and loan term. We’ll show your monthly repayment, total cost, and how much goes to interest vs principal.

Your monthly mortgage repayment depends on the loan amount, interest rate, and term. The formula is M = P × [r(1 + r)n] / [(1 + r)n − 1], where P is the loan principal, r is the monthly rate, and n is the total number of payments. For example, a KES 5 million home with 20% down (KES 4M loan) at 13.5% over 20 years gives a monthly repayment of approximately KES 48,295 — with total interest of KES 7,590,797 over the life of the loan.
Calculator 9 of 13

Your Home Loan Breakdown

See exactly what you’ll pay each month — step by step.

Serrari provides educational tools — we are not financial advisors. Results are estimates based on the inputs you provide.

Calculator 09
Home Loan: Monthly Mortgage Repayment
Calculate your monthly payment, total cost, and interest breakdown.
1
2
3
What’s the home price?
Enter the total price of the property and your down payment. The rest becomes your mortgage loan amount.
KES
KES
Most Kenya banks require 10–20% deposit for the best loan-to-value ratio.
Loan term and interest rate?
Choose your repayment period and interest rate. Longer terms mean lower monthly payments but more total interest. Most Kenya mortgages run 10–25 years.
yrs
%
Kenya mortgage rates typically range 12–15%. What is amortisation?
Here’s your mortgage breakdown
Monthly repayment
KES 0
Your estimated monthly mortgage payment
Loan amount
0
Total cost
0
Total interest paid
0
Loan-to-value
0%
Principal 0% Interest 0%
🏠
The real cost of your mortgage
Longer loan terms lower your monthly payment but dramatically increase total interest paid over the life of the loan.

How the Mortgage Repayment Formula Works

M = P × [r(1 + r)n] / [(1 + r)n − 1]
M
Monthly Payment
P
Loan Principal
r
Monthly Rate
n
Total Payments

The mortgage repayment formula calculates a fixed monthly payment that covers both principal and interest over the entire loan term. Each payment is split: early payments are mostly interest, while later payments are mostly principal. This is called amortisation.

To use the formula, divide the annual interest rate by 12 to get the monthly rate (r), and multiply the years by 12 to get total payments (n). For example, a KES 8 million loan at 13.5% for 20 years means r = 0.01125 and n = 240, giving a monthly payment of KES 96,590. Compare what you could earn on that money with the Future Value Calculator, or check how fast your savings could double with the Rule of 72 Calculator.

Mortgage Lenders in Kenya — Interest Rates (2026)

Compare indicative mortgage rates from major banks. Actual rates depend on your profile and property.

Lender Rate Range Max Term Max LTV
KCB Bank 12.5 – 14% 25 years 90%
Equity Bank 12.5 – 14.5% 25 years 90%
Stanbic Bank 13 – 15% 25 years 80%
NCBA Bank 13.5 – 15% 25 years 80%
Absa Bank Kenya 13 – 14.5% 25 years 85%
Co-operative Bank 13 – 15% 20 years 80%
KMRC-backed Loans 9.5 – 12% 25 years 90%
Compare Live Rates on Marketplace →

Monthly Mortgage Payments in Kenya — Quick Reference

Estimated monthly repayments at common home prices, deposits, rates, and terms.

Home Price Deposit Rate Term Monthly
KES 3M 20% 12% 10 yrs KES 34,433
KES 5M 20% 13.5% 20 yrs KES 48,295
KES 5M 10% 12% 15 yrs KES 54,008
KES 10M 20% 13.5% 25 yrs KES 93,252
KES 10M 10% 14% 25 yrs KES 108,338
KES 20M 20% 15% 20 yrs KES 210,686

See how much your deposit could grow with the Compound Interest Calculator

Home Loan Calculator Kenya — FAQ

How much is the monthly repayment on a KES 5 million home loan in Kenya?+
For a KES 5 million home with 20% down payment (KES 1 million), the loan is KES 4 million. At 13.5% annual interest over 20 years, your monthly repayment is approximately KES 48,295. Over the full term you would pay KES 11,590,797 in total — meaning KES 7,590,797 goes to interest. Use the calculator above to try different rates and terms instantly.
What is the current mortgage interest rate in Kenya?+
Mortgage rates in Kenya typically range from 12% to 15% per annum as of 2026, depending on the lender and borrower profile. KCB and Equity Bank offer rates from around 12.5%, while Stanbic and NCBA start at approximately 13.5%. KMRC-backed affordable housing loans can start as low as 9.5%. The Central Bank Rate (CBR) influences all mortgage pricing. Always compare offers from multiple banks.
How much deposit do I need for a home loan in Kenya?+
Most Kenyan banks require a minimum down payment of 10% to 20% of the property value. A 20% deposit gives you an 80% loan-to-value (LTV) ratio, which usually qualifies for better rates. For example, on a KES 10 million home, you would need KES 2 million upfront with a 20% deposit. Track your savings progress with the Savings Goal Calculator.
What is the mortgage repayment formula?+
The formula is M = P × [r(1 + r)n] / [(1 + r)n − 1], where M is the monthly repayment, P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the total months (years × 12). This produces fixed equal payments over the entire loan term, with each payment split between principal and interest.
How does the loan term affect total interest paid?+
A longer loan term lowers your monthly repayment but dramatically increases total interest. For example, an KES 8 million loan at 13.5%: over 20 years you pay KES 15,181,594 in interest, but over 25 years you pay KES 19,975,477 — nearly KES 5 million more. Check how fast savings grow with the Rule of 72 Calculator to understand the power of compound interest.
Can I get a home loan in Kenya with a low deposit?+
Yes — some banks accept deposits as low as 10%, and KMRC-backed affordable housing loans may accept lower deposits with rates starting at 9.5%. However, a lower deposit means a higher LTV ratio, which usually attracts a higher interest rate. Aim for at least 20% to get the best terms. Monitor your full financial picture with the Net Worth Calculator.

More Financial Calculators

13 free tools to help you make smarter financial decisions in Kenya.

📊
Simple Interest
Calculate flat-rate returns
📈
Compound Interest
Watch your money grow with compounding
⏱️
Rule of 72
How fast does your money double?
💰
Net Worth
Your complete financial picture
🎯
Savings Goal
How much to save each month
⏳
Present Value
Future money in today's terms
🚀
Future Value
See your money grow over time
💸
Income Stream
Value any payment series
🏠
Home Loan
You are here
🏝️
Financial Freedom
When can you stop working?
📉
Inflation
What will your money be worth?
💱
Currency Converter
KES to USD and more
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Serrari Markets provides independent financial data and educational tools. We are not licensed by the Capital Markets Authority (CMA), are not financial advisors, and do not manage funds or hold deposits. Calculator results are estimates for educational purposes. Always consult a licensed advisor before making investment or property decisions.
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