Prime Bank loan calculator for Ksh 500,000 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 8,310
120 monthly payments
Estimated total repayment
Ksh 997,241
Ksh 500,000 principal + interest
Estimated interest
Ksh 497,241
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 10,043
For 120 months · incl. fees
Total repaid
Ksh 1,145,680
Principal Ksh 500,000 + Ksh 645,680 extras
Effective APR
21.03%
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 500,000 |
| 1 | Ksh 77,379 | Ksh 22,345 | Ksh 477,655 |
| 2 | Ksh 150,962 | Ksh 48,486 | Ksh 451,514 |
| 3 | Ksh 220,106 | Ksh 79,067 | Ksh 420,933 |
| 4 | Ksh 284,055 | Ksh 114,841 | Ksh 385,159 |
| 5 | Ksh 341,929 | Ksh 156,691 | Ksh 343,309 |
| 6 | Ksh 392,694 | Ksh 205,650 | Ksh 294,350 |
| 7 | Ksh 435,145 | Ksh 262,924 | Ksh 237,076 |
| 8 | Ksh 467,867 | Ksh 329,925 | Ksh 170,075 |
| 9 | Ksh 489,210 | Ksh 408,306 | Ksh 91,694 |
| 10 | Ksh 497,241 | 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.