Bank of Africa Kenya loan calculator for Ksh 10,000,000 over 5 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 254,315
60 monthly payments
Estimated total repayment
Ksh 15,258,914
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 5,258,914
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 292,765
For 60 months · incl. fees
Total repaid
Ksh 16,856,726
Principal Ksh 10,000,000 + Ksh 6,856,726 extras
Effective APR
23.99%
Advertised rate 18.07% · 52.6% interest on principal
Repayment mix over 5 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 1,698,552 | Ksh 1,353,231 | Ksh 8,646,769 |
| 2 | Ksh 3,131,271 | Ksh 2,972,295 | Ksh 7,027,705 |
| 3 | Ksh 4,245,936 | Ksh 4,909,412 | Ksh 5,090,588 |
| 4 | Ksh 4,980,068 | Ksh 7,227,063 | Ksh 2,772,937 |
| 5 | Ksh 5,258,914 | 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.