Prime Bank loan calculator for Ksh 500,000 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 12,103
60 monthly payments
Estimated total repayment
Ksh 726,199
Ksh 500,000 principal + interest
Estimated interest
Ksh 226,199
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 13,836
For 60 months · incl. fees
Total repaid
Ksh 803,264
Principal Ksh 500,000 + Ksh 303,264 extras
Effective APR
21.70%
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 500,000 |
| 1 | Ksh 73,936 | Ksh 71,304 | Ksh 428,696 |
| 2 | Ksh 135,761 | Ksh 154,718 | Ksh 345,282 |
| 3 | Ksh 183,419 | Ksh 252,300 | Ksh 247,700 |
| 4 | Ksh 214,503 | Ksh 366,456 | Ksh 133,544 |
| 5 | Ksh 226,199 | 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.