Paramount Bank loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a Paramount Bank loan using the current 14.47% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 15,810
120 monthly payments
Estimated total repayment
Ksh 1,897,258
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 897,257
At 14.47%
Current Paramount Bank loan interest rate
Paramount Bank is listed at 14.47% 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
-1.52 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 19,055
For 120 months · incl. fees
Total repaid
Ksh 2,168,717
Principal Ksh 1,000,000 + Ksh 1,168,717 extras
Effective APR
19.26%
Advertised rate 14.47% · 89.7% interest on principal
Repayment mix over 10 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 1,000,000 |
| 1 | Ksh 141,591 | Ksh 48,135 | Ksh 951,865 |
| 2 | Ksh 275,735 | Ksh 103,717 | Ksh 896,283 |
| 3 | Ksh 401,281 | Ksh 167,896 | Ksh 832,104 |
| 4 | Ksh 516,899 | Ksh 242,004 | Ksh 757,996 |
| 5 | Ksh 621,053 | Ksh 327,575 | Ksh 672,425 |
| 6 | Ksh 711,970 | Ksh 426,384 | Ksh 573,616 |
| 7 | Ksh 787,602 | Ksh 540,478 | Ksh 459,522 |
| 8 | Ksh 845,585 | Ksh 672,221 | Ksh 327,779 |
| 9 | Ksh 883,187 | Ksh 824,344 | Ksh 175,656 |
| 10 | Ksh 897,257 | Ksh 1,000,000 | 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.