Prime Bank loan calculator for Ksh 5,000,000 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 68,776
240 monthly payments
Estimated total repayment
Ksh 16,506,295
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 11,506,296
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 86,101
For 240 months · incl. fees
Total repaid
Ksh 19,666,263
Principal Ksh 5,000,000 + Ksh 14,666,263 extras
Effective APR
20.54%
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 5,000,000 |
| 1 | Ksh 786,791 | Ksh 38,524 | Ksh 4,961,476 |
| 2 | Ksh 1,567,039 | Ksh 83,591 | Ksh 4,916,409 |
| 3 | Ksh 2,339,632 | Ksh 136,312 | Ksh 4,863,688 |
| 4 | Ksh 3,103,272 | Ksh 197,988 | Ksh 4,802,012 |
| 5 | Ksh 3,856,436 | Ksh 270,139 | Ksh 4,729,861 |
| 6 | Ksh 4,597,345 | Ksh 354,544 | Ksh 4,645,456 |
| 7 | Ksh 5,323,919 | Ksh 453,285 | Ksh 4,546,715 |
| 8 | Ksh 6,033,722 | Ksh 568,796 | Ksh 4,431,204 |
| 9 | Ksh 6,723,907 | Ksh 703,926 | Ksh 4,296,074 |
| 10 | Ksh 7,391,140 | Ksh 862,008 | Ksh 4,137,992 |
| 11 | Ksh 8,031,525 | Ksh 1,046,938 | Ksh 3,953,062 |
| 12 | Ksh 8,640,500 | Ksh 1,263,278 | Ksh 3,736,722 |
| 13 | Ksh 9,212,731 | Ksh 1,516,362 | Ksh 3,483,638 |
| 14 | Ksh 9,741,977 | Ksh 1,812,430 | Ksh 3,187,570 |
| 15 | Ksh 10,220,938 | Ksh 2,158,784 | Ksh 2,841,216 |
| 16 | Ksh 10,641,073 | Ksh 2,563,964 | Ksh 2,436,036 |
| 17 | Ksh 10,992,391 | Ksh 3,037,961 | Ksh 1,962,039 |
| 18 | Ksh 11,263,203 | Ksh 3,592,463 | Ksh 1,407,537 |
| 19 | Ksh 11,439,837 | Ksh 4,241,144 | Ksh 758,856 |
| 20 | Ksh 11,506,296 | 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.