Bank of Africa Kenya loan calculator for Ksh 500,000 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 7,744
240 monthly payments
Estimated total repayment
Ksh 1,858,440
Ksh 500,000 principal + interest
Estimated interest
Ksh 1,358,441
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 9,666
For 240 months · incl. fees
Total repaid
Ksh 2,222,806
Principal Ksh 500,000 + Ksh 1,722,806 extras
Effective APR
23.56%
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 500,000 |
| 1 | Ksh 90,126 | Ksh 2,796 | Ksh 497,204 |
| 2 | Ksh 179,703 | Ksh 6,142 | Ksh 493,858 |
| 3 | Ksh 268,622 | Ksh 10,144 | Ksh 489,856 |
| 4 | Ksh 356,755 | Ksh 14,933 | Ksh 485,067 |
| 5 | Ksh 443,948 | Ksh 20,663 | Ksh 479,337 |
| 6 | Ksh 530,015 | Ksh 27,518 | Ksh 472,482 |
| 7 | Ksh 614,735 | Ksh 35,720 | Ksh 464,280 |
| 8 | Ksh 697,844 | Ksh 45,533 | Ksh 454,467 |
| 9 | Ksh 779,025 | Ksh 57,273 | Ksh 442,727 |
| 10 | Ksh 857,900 | Ksh 71,320 | Ksh 428,680 |
| 11 | Ksh 934,016 | Ksh 88,127 | Ksh 411,873 |
| 12 | Ksh 1,006,830 | Ksh 108,235 | Ksh 391,765 |
| 13 | Ksh 1,075,694 | Ksh 132,293 | Ksh 367,707 |
| 14 | Ksh 1,139,832 | Ksh 161,077 | Ksh 338,923 |
| 15 | Ksh 1,198,315 | Ksh 195,516 | Ksh 304,484 |
| 16 | Ksh 1,250,033 | Ksh 236,719 | Ksh 263,281 |
| 17 | Ksh 1,293,657 | Ksh 286,017 | Ksh 213,983 |
| 18 | Ksh 1,327,597 | Ksh 345,000 | Ksh 155,000 |
| 19 | Ksh 1,349,950 | Ksh 415,568 | Ksh 84,432 |
| 20 | Ksh 1,358,441 | 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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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.