Prime Bank loan calculator for Ksh 5,000,000 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 72,704
180 monthly payments
Estimated total repayment
Ksh 13,086,770
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 8,086,770
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 90,029
For 180 months · incl. fees
Total repaid
Ksh 15,346,269
Principal Ksh 5,000,000 + Ksh 10,346,269 extras
Effective APR
20.60%
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 5,000,000 |
| 1 | Ksh 783,225 | Ksh 89,226 | Ksh 4,910,774 |
| 2 | Ksh 1,551,296 | Ksh 193,606 | Ksh 4,806,394 |
| 3 | Ksh 2,301,639 | Ksh 315,715 | Ksh 4,684,285 |
| 4 | Ksh 3,031,242 | Ksh 458,563 | Ksh 4,541,437 |
| 5 | Ksh 3,736,584 | Ksh 625,673 | Ksh 4,374,327 |
| 6 | Ksh 4,413,543 | Ksh 821,165 | Ksh 4,178,835 |
| 7 | Ksh 5,057,298 | Ksh 1,049,861 | Ksh 3,950,139 |
| 8 | Ksh 5,662,212 | Ksh 1,317,399 | Ksh 3,682,601 |
| 9 | Ksh 6,221,685 | Ksh 1,630,377 | Ksh 3,369,623 |
| 10 | Ksh 6,728,001 | Ksh 1,996,512 | Ksh 3,003,488 |
| 11 | Ksh 7,172,132 | Ksh 2,424,833 | Ksh 2,575,167 |
| 12 | Ksh 7,543,514 | Ksh 2,925,902 | Ksh 2,074,098 |
| 13 | Ksh 7,829,794 | Ksh 3,512,074 | Ksh 1,487,926 |
| 14 | Ksh 8,016,515 | Ksh 4,197,804 | Ksh 802,196 |
| 15 | Ksh 8,086,770 | Ksh 5,000,000 | 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.
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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.