Premier Bank Kenya loan calculator for Ksh 500,000 over 5 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 11,926
60 monthly payments
Estimated total repayment
Ksh 715,589
Ksh 500,000 principal + interest
Estimated interest
Ksh 215,589
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%.
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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 13,603
For 60 months · incl. fees
Total repaid
Ksh 790,465
Principal Ksh 500,000 + Ksh 290,465 extras
Effective APR
20.88%
Advertised rate 15.12% · 43.1% interest on principal
Repayment mix over 5 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 500,000 |
| 1 | Ksh 70,719 | Ksh 72,399 | Ksh 427,601 |
| 2 | Ksh 129,700 | Ksh 156,536 | Ksh 343,464 |
| 3 | Ksh 175,039 | Ksh 254,314 | Ksh 245,686 |
| 4 | Ksh 204,526 | Ksh 367,946 | Ksh 132,054 |
| 5 | Ksh 215,589 | Ksh 500,000 | 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.