Bank of Africa Kenya loan calculator for Ksh 1,000,000 over 15 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 16,155
180 monthly payments
Estimated total repayment
Ksh 2,907,828
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,907,828
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 20,000
For 180 months · incl. fees
Total repaid
Ksh 3,424,973
Principal Ksh 1,000,000 + Ksh 2,424,973 extras
Effective APR
23.50%
Advertised rate 18.07% · 190.8% 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 179,554 | Ksh 14,301 | Ksh 985,699 |
| 2 | Ksh 356,298 | Ksh 31,412 | Ksh 968,588 |
| 3 | Ksh 529,682 | Ksh 51,884 | Ksh 948,116 |
| 4 | Ksh 699,043 | Ksh 76,378 | Ksh 923,622 |
| 5 | Ksh 863,593 | Ksh 105,683 | Ksh 894,317 |
| 6 | Ksh 1,022,387 | Ksh 140,745 | Ksh 859,255 |
| 7 | Ksh 1,174,292 | Ksh 182,694 | Ksh 817,306 |
| 8 | Ksh 1,317,957 | Ksh 232,884 | Ksh 767,116 |
| 9 | Ksh 1,451,762 | Ksh 292,934 | Ksh 707,066 |
| 10 | Ksh 1,573,771 | Ksh 364,780 | Ksh 635,220 |
| 11 | Ksh 1,681,667 | Ksh 450,740 | Ksh 549,260 |
| 12 | Ksh 1,772,676 | Ksh 553,586 | Ksh 446,414 |
| 13 | Ksh 1,843,482 | Ksh 676,636 | Ksh 323,364 |
| 14 | Ksh 1,890,115 | Ksh 823,858 | Ksh 176,142 |
| 15 | Ksh 1,907,828 | 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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