Prime Bank loan calculator for Ksh 10,000,000 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 166,207
120 monthly payments
Estimated total repayment
Ksh 19,944,812
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 9,944,813
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 200,857
For 120 months · incl. fees
Total repaid
Ksh 22,818,592
Principal Ksh 10,000,000 + Ksh 12,818,592 extras
Effective APR
20.73%
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 10,000,000 |
| 1 | Ksh 1,547,573 | Ksh 446,909 | Ksh 9,553,091 |
| 2 | Ksh 3,019,240 | Ksh 969,722 | Ksh 9,030,278 |
| 3 | Ksh 4,402,112 | Ksh 1,581,332 | Ksh 8,418,668 |
| 4 | Ksh 5,681,105 | Ksh 2,296,820 | Ksh 7,703,180 |
| 5 | Ksh 6,838,577 | Ksh 3,133,829 | Ksh 6,866,171 |
| 6 | Ksh 7,853,888 | Ksh 4,112,999 | Ksh 5,887,001 |
| 7 | Ksh 8,702,894 | Ksh 5,258,475 | Ksh 4,741,525 |
| 8 | Ksh 9,357,347 | Ksh 6,598,503 | Ksh 3,401,497 |
| 9 | Ksh 9,784,205 | Ksh 8,166,126 | Ksh 1,833,874 |
| 10 | Ksh 9,944,813 | Ksh 10,000,000 | 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.