Bank of Africa Kenya loan calculator for Ksh 5,000,000 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 77,435
240 monthly payments
Estimated total repayment
Ksh 18,584,410
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 13,584,409
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 96,660
For 240 months · incl. fees
Total repaid
Ksh 22,183,057
Principal Ksh 5,000,000 + Ksh 17,183,057 extras
Effective APR
23.33%
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 5,000,000 |
| 1 | Ksh 901,259 | Ksh 27,961 | Ksh 4,972,039 |
| 2 | Ksh 1,797,026 | Ksh 61,415 | Ksh 4,938,585 |
| 3 | Ksh 2,686,220 | Ksh 101,441 | Ksh 4,898,559 |
| 4 | Ksh 3,567,552 | Ksh 149,330 | Ksh 4,850,670 |
| 5 | Ksh 4,439,476 | Ksh 206,626 | Ksh 4,793,374 |
| 6 | Ksh 5,300,145 | Ksh 275,178 | Ksh 4,724,823 |
| 7 | Ksh 6,147,348 | Ksh 357,195 | Ksh 4,642,805 |
| 8 | Ksh 6,978,438 | Ksh 455,325 | Ksh 4,544,675 |
| 9 | Ksh 7,790,252 | Ksh 572,732 | Ksh 4,427,268 |
| 10 | Ksh 8,579,002 | Ksh 713,202 | Ksh 4,286,798 |
| 11 | Ksh 9,340,158 | Ksh 881,267 | Ksh 4,118,733 |
| 12 | Ksh 10,068,298 | Ksh 1,082,347 | Ksh 3,917,653 |
| 13 | Ksh 10,756,937 | Ksh 1,322,928 | Ksh 3,677,072 |
| 14 | Ksh 11,398,317 | Ksh 1,610,770 | Ksh 3,389,230 |
| 15 | Ksh 11,983,151 | Ksh 1,955,155 | Ksh 3,044,845 |
| 16 | Ksh 12,500,334 | Ksh 2,367,193 | Ksh 2,632,807 |
| 17 | Ksh 12,936,575 | Ksh 2,860,173 | Ksh 2,139,827 |
| 18 | Ksh 13,275,973 | Ksh 3,449,995 | Ksh 1,550,005 |
| 19 | Ksh 13,499,505 | Ksh 4,155,684 | Ksh 844,316 |
| 20 | Ksh 13,584,409 | 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.