Paramount Bank loan calculator for Ksh 5,000,000 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 68,173
180 monthly payments
Estimated total repayment
Ksh 12,271,194
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 7,271,194
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 84,398
For 180 months · incl. fees
Total repaid
Ksh 14,357,934
Principal Ksh 5,000,000 + Ksh 9,357,934 extras
Effective APR
18.98%
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 5,000,000 |
| 1 | Ksh 716,968 | Ksh 101,111 | Ksh 4,898,889 |
| 2 | Ksh 1,418,295 | Ksh 217,864 | Ksh 4,782,136 |
| 3 | Ksh 2,101,562 | Ksh 352,677 | Ksh 4,647,323 |
| 4 | Ksh 2,763,973 | Ksh 508,345 | Ksh 4,491,655 |
| 5 | Ksh 3,402,304 | Ksh 688,094 | Ksh 4,311,906 |
| 6 | Ksh 4,012,829 | Ksh 895,648 | Ksh 4,104,352 |
| 7 | Ksh 4,591,247 | Ksh 1,135,310 | Ksh 3,864,690 |
| 8 | Ksh 5,132,591 | Ksh 1,412,046 | Ksh 3,587,954 |
| 9 | Ksh 5,631,125 | Ksh 1,731,591 | Ksh 3,268,409 |
| 10 | Ksh 6,080,229 | Ksh 2,100,567 | Ksh 2,899,433 |
| 11 | Ksh 6,472,254 | Ksh 2,526,622 | Ksh 2,473,378 |
| 12 | Ksh 6,798,371 | Ksh 3,018,584 | Ksh 1,981,416 |
| 13 | Ksh 7,048,386 | Ksh 3,586,649 | Ksh 1,413,351 |
| 14 | Ksh 7,210,525 | Ksh 4,242,590 | Ksh 757,410 |
| 15 | Ksh 7,271,194 | 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.