Prime Bank loan calculator for Ksh 10,000,000 over 5 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 242,066
60 monthly payments
Estimated total repayment
Ksh 14,523,971
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 4,523,971
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 276,716
For 60 months · incl. fees
Total repaid
Ksh 15,970,274
Principal Ksh 10,000,000 + Ksh 5,970,274 extras
Effective APR
21.21%
Advertised rate 15.79% · 45.2% 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 10,000,000 |
| 1 | Ksh 1,478,715 | Ksh 1,426,079 | Ksh 8,573,921 |
| 2 | Ksh 2,715,220 | Ksh 3,094,368 | Ksh 6,905,632 |
| 3 | Ksh 3,668,377 | Ksh 5,046,006 | Ksh 4,953,994 |
| 4 | Ksh 4,290,060 | Ksh 7,329,117 | Ksh 2,670,883 |
| 5 | Ksh 4,523,971 | 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.