Prime Bank loan calculator for Ksh 5,000,000 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 121,033
60 monthly payments
Estimated total repayment
Ksh 7,261,985
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 2,261,986
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 138,358
For 60 months · incl. fees
Total repaid
Ksh 7,987,637
Principal Ksh 5,000,000 + Ksh 2,987,637 extras
Effective APR
21.24%
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 5,000,000 |
| 1 | Ksh 739,358 | Ksh 713,039 | Ksh 4,286,961 |
| 2 | Ksh 1,357,610 | Ksh 1,547,184 | Ksh 3,452,816 |
| 3 | Ksh 1,834,188 | Ksh 2,523,003 | Ksh 2,476,997 |
| 4 | Ksh 2,145,030 | Ksh 3,664,558 | Ksh 1,335,442 |
| 5 | Ksh 2,261,986 | 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.