Bank of India loan rate today.
Bank of India prices loans at a weighted-average of 14.94% per the Central Bank of Kenya — ranked #11 of 38 cheapest. A Ksh 1,000,000 loan over 5 years runs at about Ksh 23,758/month.
Lending rate
14.94%
#11 of 38 cheapest
Monthly (1M · 5y)
Ksh 23,758
Industry avg Ksh 24,315
Total interest (1M · 5y)
Ksh 425,507
vs Ksh 458,907 at industry avg
Calculate your Bank of India loan
Enter any loan amount and term to see your monthly repayment, total cost, and full amortisation schedule.
Loan details
KESCentral Bank of Kenya · May 2025
-1.05 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 27,082
For 60 months · incl. fees
Total repaid
Ksh 1,569,089
Principal Ksh 1,000,000 + Ksh 569,089 extras
Effective APR
20.41%
Advertised rate 14.94% · 42.6% 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 1,000,000 |
| 1 | Ksh 139,711 | Ksh 145,390 | Ksh 854,610 |
| 2 | Ksh 256,150 | Ksh 314,052 | Ksh 685,948 |
| 3 | Ksh 345,592 | Ksh 509,712 | Ksh 490,288 |
| 4 | Ksh 403,715 | Ksh 736,690 | Ksh 263,310 |
| 5 | Ksh 425,507 | Ksh 1,000,000 | Ksh 0 |
About this loan rate
This page focuses on the current Bank of India loan rate and repayment calculator. Compare all banks on the loan interest rates today page.
Popular Bank of India loan scenarios
Pre-calculated repayments at Bank of India's current lending rate.
All Kenyan lenders
- Citibank N.A. Kenya 10.36%
- Stanbic Bank Kenya 12.84%
- Standard Chartered Bank Kenya 13.35%
- Guardian Bank 13.57%
- Consolidated Bank of Kenya 13.61%
- Ecobank Kenya 13.72%
- Paramount Bank 14.47%
- Habib Bank A.G. Zurich 14.55%
- Gulf African Bank 14.77%
- Equity Bank Kenya 14.89%
- Bank of India 14.94%
- Premier Bank Kenya 15.12%
- Bank of Baroda (Kenya)