Bank of Africa Kenya loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a Bank of Africa Kenya loan using the current 18.07% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 18,064
120 monthly payments
Estimated total repayment
Ksh 2,167,633
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,167,633
At 18.07%
Current Bank of Africa Kenya loan interest rate
Bank of Africa Kenya is listed at 18.07% 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
+2.08 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 21,909
For 120 months · incl. fees
Total repaid
Ksh 2,495,777
Principal Ksh 1,000,000 + Ksh 1,495,777 extras
Effective APR
23.66%
Advertised rate 18.07% · 116.8% 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 177,558 | Ksh 39,205 | Ksh 960,795 |
| 2 | Ksh 347,415 | Ksh 86,112 | Ksh 913,888 |
| 3 | Ksh 508,057 | Ksh 142,233 | Ksh 857,767 |
| 4 | Ksh 657,674 | Ksh 209,379 | Ksh 790,621 |
| 5 | Ksh 794,101 | Ksh 289,716 | Ksh 710,284 |
| 6 | Ksh 914,746 | Ksh 385,834 | Ksh 614,166 |
| 7 | Ksh 1,016,510 | Ksh 500,833 | Ksh 499,167 |
| 8 | Ksh 1,095,683 | Ksh 638,424 | Ksh 361,576 |
| 9 | Ksh 1,147,827 | Ksh 803,043 | Ksh 196,957 |
| 10 | Ksh 1,167,633 | 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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