Bank of Africa Kenya loan calculator for Ksh 10,000,000 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 180,636
120 monthly payments
Estimated total repayment
Ksh 21,676,332
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 11,676,332
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 219,086
For 120 months · incl. fees
Total repaid
Ksh 24,912,770
Principal Ksh 10,000,000 + Ksh 14,912,770 extras
Effective APR
23.51%
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 10,000,000 |
| 1 | Ksh 1,775,581 | Ksh 392,052 | Ksh 9,607,948 |
| 2 | Ksh 3,474,146 | Ksh 861,121 | Ksh 9,138,879 |
| 3 | Ksh 5,080,565 | Ksh 1,422,334 | Ksh 8,577,666 |
| 4 | Ksh 6,576,739 | Ksh 2,093,794 | Ksh 7,906,206 |
| 5 | Ksh 7,941,008 | Ksh 2,897,158 | Ksh 7,102,842 |
| 6 | Ksh 9,147,463 | Ksh 3,858,336 | Ksh 6,141,664 |
| 7 | Ksh 10,165,100 | Ksh 5,008,332 | Ksh 4,991,668 |
| 8 | Ksh 10,956,830 | Ksh 6,384,236 | Ksh 3,615,764 |
| 9 | Ksh 11,478,272 | Ksh 8,030,427 | Ksh 1,969,573 |
| 10 | Ksh 11,676,332 | Ksh 10,000,000 | 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.