Bank of Africa Kenya loan calculator for Ksh 10,000,000 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 154,870
240 monthly payments
Estimated total repayment
Ksh 37,168,817
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 27,168,818
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 193,320
For 240 months · incl. fees
Total repaid
Ksh 44,361,113
Principal Ksh 10,000,000 + Ksh 34,361,113 extras
Effective APR
23.32%
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 10,000,000 |
| 1 | Ksh 1,802,518 | Ksh 55,923 | Ksh 9,944,077 |
| 2 | Ksh 3,594,051 | Ksh 122,831 | Ksh 9,877,169 |
| 3 | Ksh 5,372,440 | Ksh 202,882 | Ksh 9,797,118 |
| 4 | Ksh 7,135,104 | Ksh 298,660 | Ksh 9,701,340 |
| 5 | Ksh 8,878,952 | Ksh 413,252 | Ksh 9,586,748 |
| 6 | Ksh 10,600,290 | Ksh 550,355 | Ksh 9,449,645 |
| 7 | Ksh 12,294,695 | Ksh 714,391 | Ksh 9,285,609 |
| 8 | Ksh 13,956,877 | Ksh 910,651 | Ksh 9,089,349 |
| 9 | Ksh 15,580,504 | Ksh 1,145,464 | Ksh 8,854,536 |
| 10 | Ksh 17,158,004 | Ksh 1,426,405 | Ksh 8,573,595 |
| 11 | Ksh 18,680,315 | Ksh 1,762,535 | Ksh 8,237,465 |
| 12 | Ksh 20,136,596 | Ksh 2,164,695 | Ksh 7,835,305 |
| 13 | Ksh 21,513,875 | Ksh 2,645,857 | Ksh 7,354,143 |
| 14 | Ksh 22,796,633 | Ksh 3,221,539 | Ksh 6,778,461 |
| 15 | Ksh 23,966,303 | Ksh 3,910,311 | Ksh 6,089,689 |
| 16 | Ksh 25,000,668 | Ksh 4,734,386 | Ksh 5,265,614 |
| 17 | Ksh 25,873,149 | Ksh 5,720,346 | Ksh 4,279,654 |
| 18 | Ksh 26,551,946 | Ksh 6,899,990 | Ksh 3,100,010 |
| 19 | Ksh 26,999,009 | Ksh 8,311,368 | Ksh 1,688,632 |
| 20 | Ksh 27,168,818 | 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.