Bank of Africa Kenya loan calculator for Ksh 500,000 over 3 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 18,094
36 monthly payments
Estimated total repayment
Ksh 651,375
Ksh 500,000 principal + interest
Estimated interest
Ksh 151,375
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 20,016
For 36 months · incl. fees
Total repaid
Ksh 707,528
Principal Ksh 500,000 + Ksh 207,528 extras
Effective APR
25.39%
Advertised rate 18.07% · 30.3% interest on principal
Repayment mix over 3 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 79,305 | Ksh 137,820 | Ksh 362,180 |
| 2 | Ksh 131,536 | Ksh 302,714 | Ksh 197,286 |
| 3 | Ksh 151,375 | 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.