Bank of Africa Kenya loan calculator for Ksh 5,000,000 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 80,773
180 monthly payments
Estimated total repayment
Ksh 14,539,140
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 9,539,140
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 99,998
For 180 months · incl. fees
Total repaid
Ksh 17,104,867
Principal Ksh 5,000,000 + Ksh 12,104,867 extras
Effective APR
23.39%
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 5,000,000 |
| 1 | Ksh 897,769 | Ksh 71,507 | Ksh 4,928,493 |
| 2 | Ksh 1,781,492 | Ksh 157,060 | Ksh 4,842,940 |
| 3 | Ksh 2,648,408 | Ksh 259,420 | Ksh 4,740,580 |
| 4 | Ksh 3,495,216 | Ksh 381,888 | Ksh 4,618,112 |
| 5 | Ksh 4,317,967 | Ksh 528,413 | Ksh 4,471,587 |
| 6 | Ksh 5,111,933 | Ksh 703,723 | Ksh 4,296,277 |
| 7 | Ksh 5,871,461 | Ksh 913,471 | Ksh 4,086,529 |
| 8 | Ksh 6,589,785 | Ksh 1,164,422 | Ksh 3,835,578 |
| 9 | Ksh 7,258,812 | Ksh 1,464,671 | Ksh 3,535,329 |
| 10 | Ksh 7,868,857 | Ksh 1,823,902 | Ksh 3,176,098 |
| 11 | Ksh 8,408,334 | Ksh 2,253,702 | Ksh 2,746,298 |
| 12 | Ksh 8,863,379 | Ksh 2,767,932 | Ksh 2,232,068 |
| 13 | Ksh 9,217,408 | Ksh 3,383,180 | Ksh 1,616,820 |
| 14 | Ksh 9,450,575 | Ksh 4,119,288 | Ksh 880,712 |
| 15 | Ksh 9,539,140 | 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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