Premier Bank Kenya loan calculator for Ksh 1,000,000 over 20 years.
Estimate repayment for a Premier Bank Kenya loan using the current 15.12% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 13,257
240 monthly payments
Estimated total repayment
Ksh 3,181,596
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,181,595
At 15.12%
Current Premier Bank Kenya loan interest rate
Premier Bank Kenya is listed at 15.12% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
Change loan details
Edit the values below; results update instantly.
Loan details
KESCentral Bank of Kenya · May 2025
-0.87 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 16,610
For 240 months · incl. fees
Total repaid
Ksh 3,792,200
Principal Ksh 1,000,000 + Ksh 2,792,200 extras
Effective APR
19.81%
Advertised rate 15.12% · 218.2% 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 1,000,000 |
| 1 | Ksh 150,630 | Ksh 8,449 | Ksh 991,551 |
| 2 | Ksh 299,891 | Ksh 18,269 | Ksh 981,731 |
| 3 | Ksh 447,559 | Ksh 29,680 | Ksh 970,320 |
| 4 | Ksh 593,377 | Ksh 42,942 | Ksh 957,058 |
| 5 | Ksh 737,046 | Ksh 58,353 | Ksh 941,647 |
| 6 | Ksh 878,215 | Ksh 76,264 | Ksh 923,736 |
| 7 | Ksh 1,016,481 | Ksh 97,078 | Ksh 902,922 |
| 8 | Ksh 1,151,372 | Ksh 121,266 | Ksh 878,734 |
| 9 | Ksh 1,282,341 | Ksh 149,377 | Ksh 850,623 |
| 10 | Ksh 1,408,753 | Ksh 182,045 | Ksh 817,955 |
| 11 | Ksh 1,529,868 | Ksh 220,010 | Ksh 779,990 |
| 12 | Ksh 1,644,828 | Ksh 264,129 | Ksh 735,871 |
| 13 | Ksh 1,752,635 | Ksh 315,402 | Ksh 684,598 |
| 14 | Ksh 1,852,129 | Ksh 374,988 | Ksh 625,012 |
| 15 | Ksh 1,941,962 | Ksh 444,235 | Ksh 555,765 |
| 16 | Ksh 2,020,568 | Ksh 524,709 | Ksh 475,291 |
| 17 | Ksh 2,086,127 | Ksh 618,229 | Ksh 381,771 |
| 18 | Ksh 2,136,523 | Ksh 726,913 | Ksh 273,087 |
| 19 | Ksh 2,169,298 | Ksh 853,218 | Ksh 146,782 |
| 20 | Ksh 2,181,595 | Ksh 1,000,000 | 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.