Prime Bank loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a Prime Bank loan using the current 15.79% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 16,621
120 monthly payments
Estimated total repayment
Ksh 1,994,482
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 994,481
At 15.79%
Current Prime Bank loan interest rate
Prime Bank is listed at 15.79% 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
-0.20 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 20,086
For 120 months · incl. fees
Total repaid
Ksh 2,286,359
Principal Ksh 1,000,000 + Ksh 1,286,359 extras
Effective APR
20.87%
Advertised rate 15.79% · 99.4% interest on principal
Repayment mix over 10 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 154,757 | Ksh 44,691 | Ksh 955,309 |
| 2 | Ksh 301,924 | Ksh 96,972 | Ksh 903,028 |
| 3 | Ksh 440,211 | Ksh 158,133 | Ksh 841,867 |
| 4 | Ksh 568,111 | Ksh 229,682 | Ksh 770,318 |
| 5 | Ksh 683,858 | Ksh 313,383 | Ksh 686,617 |
| 6 | Ksh 785,389 | Ksh 411,300 | Ksh 588,700 |
| 7 | Ksh 870,289 | Ksh 525,848 | Ksh 474,152 |
| 8 | Ksh 935,735 | Ksh 659,850 | Ksh 340,150 |
| 9 | Ksh 978,421 | Ksh 816,613 | Ksh 183,387 |
| 10 | Ksh 994,481 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.