Bank of Africa Kenya loan calculator for Ksh 500,000 over 15 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 8,077
180 monthly payments
Estimated total repayment
Ksh 1,453,914
Ksh 500,000 principal + interest
Estimated interest
Ksh 953,914
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 10,000
For 180 months · incl. fees
Total repaid
Ksh 1,714,987
Principal Ksh 500,000 + Ksh 1,214,987 extras
Effective APR
23.64%
Advertised rate 18.07% · 190.8% interest on principal
Repayment mix over 15 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 500,000 |
| 1 | Ksh 89,777 | Ksh 7,151 | Ksh 492,849 |
| 2 | Ksh 178,149 | Ksh 15,706 | Ksh 484,294 |
| 3 | Ksh 264,841 | Ksh 25,942 | Ksh 474,058 |
| 4 | Ksh 349,522 | Ksh 38,189 | Ksh 461,811 |
| 5 | Ksh 431,797 | Ksh 52,841 | Ksh 447,159 |
| 6 | Ksh 511,193 | Ksh 70,372 | Ksh 429,628 |
| 7 | Ksh 587,146 | Ksh 91,347 | Ksh 408,653 |
| 8 | Ksh 658,979 | Ksh 116,442 | Ksh 383,558 |
| 9 | Ksh 725,881 | Ksh 146,467 | Ksh 353,533 |
| 10 | Ksh 786,886 | Ksh 182,390 | Ksh 317,610 |
| 11 | Ksh 840,833 | Ksh 225,370 | Ksh 274,630 |
| 12 | Ksh 886,338 | Ksh 276,793 | Ksh 223,207 |
| 13 | Ksh 921,741 | Ksh 338,318 | Ksh 161,682 |
| 14 | Ksh 945,058 | Ksh 411,929 | Ksh 88,071 |
| 15 | Ksh 953,914 | Ksh 500,000 | 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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