Prime Bank loan calculator for Ksh 1,000,000 over 15 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 14,541
180 monthly payments
Estimated total repayment
Ksh 2,617,355
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,617,354
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%.
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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 18,006
For 180 months · incl. fees
Total repaid
Ksh 3,073,254
Principal Ksh 1,000,000 + Ksh 2,073,254 extras
Effective APR
20.70%
Advertised rate 15.79% · 161.7% interest on principal
Repayment mix over 15 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 156,645 | Ksh 17,845 | Ksh 982,155 |
| 2 | Ksh 310,259 | Ksh 38,721 | Ksh 961,279 |
| 3 | Ksh 460,328 | Ksh 63,143 | Ksh 936,857 |
| 4 | Ksh 606,248 | Ksh 91,713 | Ksh 908,287 |
| 5 | Ksh 747,317 | Ksh 125,135 | Ksh 874,865 |
| 6 | Ksh 882,709 | Ksh 164,233 | Ksh 835,767 |
| 7 | Ksh 1,011,460 | Ksh 209,972 | Ksh 790,028 |
| 8 | Ksh 1,132,442 | Ksh 263,480 | Ksh 736,520 |
| 9 | Ksh 1,244,337 | Ksh 326,075 | Ksh 673,925 |
| 10 | Ksh 1,345,600 | Ksh 399,302 | Ksh 600,698 |
| 11 | Ksh 1,434,426 | Ksh 484,967 | Ksh 515,033 |
| 12 | Ksh 1,508,703 | Ksh 585,180 | Ksh 414,820 |
| 13 | Ksh 1,565,959 | Ksh 702,415 | Ksh 297,585 |
| 14 | Ksh 1,603,303 | Ksh 839,561 | Ksh 160,439 |
| 15 | Ksh 1,617,354 | 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.