Bank of Africa Kenya loan calculator for Ksh 2,000,000 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 50,863
60 monthly payments
Estimated total repayment
Ksh 3,051,783
Ksh 2,000,000 principal + interest
Estimated interest
Ksh 1,051,783
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 58,553
For 60 months · incl. fees
Total repaid
Ksh 3,375,345
Principal Ksh 2,000,000 + Ksh 1,375,345 extras
Effective APR
24.09%
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 2,000,000 |
| 1 | Ksh 339,710 | Ksh 270,646 | Ksh 1,729,354 |
| 2 | Ksh 626,254 | Ksh 594,459 | Ksh 1,405,541 |
| 3 | Ksh 849,187 | Ksh 981,882 | Ksh 1,018,118 |
| 4 | Ksh 996,014 | Ksh 1,445,413 | Ksh 554,587 |
| 5 | Ksh 1,051,783 | Ksh 2,000,000 | 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.