Paramount Bank loan calculator for Ksh 1,000,000 over 15 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 13,635
180 monthly payments
Estimated total repayment
Ksh 2,454,239
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,454,239
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%.
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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 16,880
For 180 months · incl. fees
Total repaid
Ksh 2,875,587
Principal Ksh 1,000,000 + Ksh 1,875,587 extras
Effective APR
19.08%
Advertised rate 14.47% · 145.4% 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 1,000,000 |
| 1 | Ksh 143,394 | Ksh 20,222 | Ksh 979,778 |
| 2 | Ksh 283,659 | Ksh 43,573 | Ksh 956,427 |
| 3 | Ksh 420,312 | Ksh 70,535 | Ksh 929,465 |
| 4 | Ksh 552,795 | Ksh 101,669 | Ksh 898,331 |
| 5 | Ksh 680,461 | Ksh 137,619 | Ksh 862,381 |
| 6 | Ksh 802,566 | Ksh 179,130 | Ksh 820,870 |
| 7 | Ksh 918,249 | Ksh 227,062 | Ksh 772,938 |
| 8 | Ksh 1,026,518 | Ksh 282,409 | Ksh 717,591 |
| 9 | Ksh 1,126,225 | Ksh 346,318 | Ksh 653,682 |
| 10 | Ksh 1,216,046 | Ksh 420,113 | Ksh 579,887 |
| 11 | Ksh 1,294,451 | Ksh 505,324 | Ksh 494,676 |
| 12 | Ksh 1,359,674 | Ksh 603,717 | Ksh 396,283 |
| 13 | Ksh 1,409,677 | Ksh 717,330 | Ksh 282,670 |
| 14 | Ksh 1,442,105 | Ksh 848,518 | Ksh 151,482 |
| 15 | Ksh 1,454,239 | 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.