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.
A KES 10,000,000 home with 20% down gives a KES 8,000,000 loan. At 13.5% over 20 years, you pay KES 96,590 per month — KES 23,181,594 in total, of which KES 15,181,594 is interest.
How the Mortgage Repayment Formula Works
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% |
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
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