Bank of Africa Kenya loan calculator for Ksh 5,000,000 over 5 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 127,158
60 monthly payments
Estimated total repayment
Ksh 7,629,457
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 2,629,457
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 146,383
For 60 months · incl. fees
Total repaid
Ksh 8,430,863
Principal Ksh 5,000,000 + Ksh 3,430,863 extras
Effective APR
24.01%
Advertised rate 18.07% · 52.6% interest on principal
Repayment mix over 5 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 849,276 | Ksh 676,616 | Ksh 4,323,384 |
| 2 | Ksh 1,565,635 | Ksh 1,486,147 | Ksh 3,513,853 |
| 3 | Ksh 2,122,968 | Ksh 2,454,706 | Ksh 2,545,294 |
| 4 | Ksh 2,490,034 | Ksh 3,613,532 | Ksh 1,386,468 |
| 5 | Ksh 2,629,457 | 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.