Paramount Bank loan calculator for Ksh 1,000,000 over 3 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 34,406
36 monthly payments
Estimated total repayment
Ksh 1,238,629
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 238,629
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 37,651
For 36 months · incl. fees
Total repaid
Ksh 1,332,846
Principal Ksh 1,000,000 + Ksh 332,846 extras
Effective APR
20.61%
Advertised rate 14.47% · 23.9% interest on principal
Repayment mix over 3 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 126,180 | Ksh 286,697 | Ksh 713,303 |
| 2 | Ksh 208,009 | Ksh 617,743 | Ksh 382,257 |
| 3 | Ksh 238,629 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.