Prime Bank loan calculator for Ksh 500,000 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 7,270
180 monthly payments
Estimated total repayment
Ksh 1,308,677
Ksh 500,000 principal + interest
Estimated interest
Ksh 808,677
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 9,003
For 180 months · incl. fees
Total repaid
Ksh 1,539,127
Principal Ksh 500,000 + Ksh 1,039,127 extras
Effective APR
20.83%
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 500,000 |
| 1 | Ksh 78,323 | Ksh 8,923 | Ksh 491,077 |
| 2 | Ksh 155,130 | Ksh 19,361 | Ksh 480,639 |
| 3 | Ksh 230,164 | Ksh 31,571 | Ksh 468,429 |
| 4 | Ksh 303,124 | Ksh 45,856 | Ksh 454,144 |
| 5 | Ksh 373,658 | Ksh 62,567 | Ksh 437,433 |
| 6 | Ksh 441,354 | Ksh 82,117 | Ksh 417,883 |
| 7 | Ksh 505,730 | Ksh 104,986 | Ksh 395,014 |
| 8 | Ksh 566,221 | Ksh 131,740 | Ksh 368,260 |
| 9 | Ksh 622,169 | Ksh 163,038 | Ksh 336,962 |
| 10 | Ksh 672,800 | Ksh 199,651 | Ksh 300,349 |
| 11 | Ksh 717,213 | Ksh 242,483 | Ksh 257,517 |
| 12 | Ksh 754,351 | Ksh 292,590 | Ksh 207,410 |
| 13 | Ksh 782,979 | Ksh 351,207 | Ksh 148,793 |
| 14 | Ksh 801,652 | Ksh 419,780 | Ksh 80,220 |
| 15 | Ksh 808,677 | 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.