Prime Bank loan calculator for Ksh 500,000 over 20 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 6,878
240 monthly payments
Estimated total repayment
Ksh 1,650,629
Ksh 500,000 principal + interest
Estimated interest
Ksh 1,150,630
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 8,610
For 240 months · incl. fees
Total repaid
Ksh 1,971,126
Principal Ksh 500,000 + Ksh 1,471,126 extras
Effective APR
20.75%
Advertised rate 15.79% · 230.1% interest on principal
Repayment mix over 20 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 78,679 | Ksh 3,852 | Ksh 496,148 |
| 2 | Ksh 156,704 | Ksh 8,359 | Ksh 491,641 |
| 3 | Ksh 233,963 | Ksh 13,631 | Ksh 486,369 |
| 4 | Ksh 310,327 | Ksh 19,799 | Ksh 480,201 |
| 5 | Ksh 385,644 | Ksh 27,014 | Ksh 472,986 |
| 6 | Ksh 459,735 | Ksh 35,454 | Ksh 464,546 |
| 7 | Ksh 532,392 | Ksh 45,328 | Ksh 454,672 |
| 8 | Ksh 603,372 | Ksh 56,880 | Ksh 443,120 |
| 9 | Ksh 672,391 | Ksh 70,393 | Ksh 429,607 |
| 10 | Ksh 739,114 | Ksh 86,201 | Ksh 413,799 |
| 11 | Ksh 803,152 | Ksh 104,694 | Ksh 395,306 |
| 12 | Ksh 864,050 | Ksh 126,328 | Ksh 373,672 |
| 13 | Ksh 921,273 | Ksh 151,636 | Ksh 348,364 |
| 14 | Ksh 974,198 | Ksh 181,243 | Ksh 318,757 |
| 15 | Ksh 1,022,094 | Ksh 215,878 | Ksh 284,122 |
| 16 | Ksh 1,064,107 | Ksh 256,396 | Ksh 243,604 |
| 17 | Ksh 1,099,239 | Ksh 303,796 | Ksh 196,204 |
| 18 | Ksh 1,126,320 | Ksh 359,246 | Ksh 140,754 |
| 19 | Ksh 1,143,984 | Ksh 424,114 | Ksh 75,886 |
| 20 | Ksh 1,150,630 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.