Bank of Africa Kenya loan calculator for Ksh 1,000,000 over 20 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 15,487
240 monthly payments
Estimated total repayment
Ksh 3,716,882
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,716,882
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%.
Change loan details
Edit the values below; results update instantly.
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 19,332
For 240 months · incl. fees
Total repaid
Ksh 4,440,611
Principal Ksh 1,000,000 + Ksh 3,440,611 extras
Effective APR
23.43%
Advertised rate 18.07% · 271.7% interest on principal
Repayment mix over 20 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 180,252 | Ksh 5,592 | Ksh 994,408 |
| 2 | Ksh 359,405 | Ksh 12,283 | Ksh 987,717 |
| 3 | Ksh 537,244 | Ksh 20,288 | Ksh 979,712 |
| 4 | Ksh 713,510 | Ksh 29,866 | Ksh 970,134 |
| 5 | Ksh 887,895 | Ksh 41,325 | Ksh 958,675 |
| 6 | Ksh 1,060,029 | Ksh 55,036 | Ksh 944,965 |
| 7 | Ksh 1,229,470 | Ksh 71,439 | Ksh 928,561 |
| 8 | Ksh 1,395,688 | Ksh 91,065 | Ksh 908,935 |
| 9 | Ksh 1,558,050 | Ksh 114,546 | Ksh 885,454 |
| 10 | Ksh 1,715,800 | Ksh 142,641 | Ksh 857,360 |
| 11 | Ksh 1,868,032 | Ksh 176,253 | Ksh 823,747 |
| 12 | Ksh 2,013,660 | Ksh 216,470 | Ksh 783,531 |
| 13 | Ksh 2,151,388 | Ksh 264,586 | Ksh 735,414 |
| 14 | Ksh 2,279,663 | Ksh 322,154 | Ksh 677,846 |
| 15 | Ksh 2,396,630 | Ksh 391,031 | Ksh 608,969 |
| 16 | Ksh 2,500,067 | Ksh 473,439 | Ksh 526,561 |
| 17 | Ksh 2,587,315 | Ksh 572,035 | Ksh 427,965 |
| 18 | Ksh 2,655,195 | Ksh 689,999 | Ksh 310,001 |
| 19 | Ksh 2,699,901 | Ksh 831,137 | Ksh 168,863 |
| 20 | Ksh 2,716,882 | 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.