Bank of Africa Kenya loan calculator for Ksh 5,000,000 over 10 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 90,318
120 monthly payments
Estimated total repayment
Ksh 10,838,166
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 5,838,166
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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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 109,543
For 120 months · incl. fees
Total repaid
Ksh 12,458,885
Principal Ksh 5,000,000 + Ksh 7,458,885 extras
Effective APR
23.53%
Advertised rate 18.07% · 116.8% interest on principal
Repayment mix over 10 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 5,000,000 |
| 1 | Ksh 887,790 | Ksh 196,026 | Ksh 4,803,974 |
| 2 | Ksh 1,737,073 | Ksh 430,560 | Ksh 4,569,440 |
| 3 | Ksh 2,540,283 | Ksh 711,167 | Ksh 4,288,833 |
| 4 | Ksh 3,288,369 | Ksh 1,046,897 | Ksh 3,953,103 |
| 5 | Ksh 3,970,504 | Ksh 1,448,579 | Ksh 3,551,421 |
| 6 | Ksh 4,573,731 | Ksh 1,929,168 | Ksh 3,070,832 |
| 7 | Ksh 5,082,550 | Ksh 2,504,166 | Ksh 2,495,834 |
| 8 | Ksh 5,478,415 | Ksh 3,192,118 | Ksh 1,807,882 |
| 9 | Ksh 5,739,136 | Ksh 4,015,213 | Ksh 984,787 |
| 10 | Ksh 5,838,166 | Ksh 5,000,000 | 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.