Bank of India loan calculator for Ksh 100,000 over 10 years.
Estimate repayment for a Bank of India loan using the current 14.94% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 1,610
120 monthly payments
Estimated total repayment
Ksh 193,162
Ksh 100,000 principal + interest
Estimated interest
Ksh 93,161
At 14.94%
Current Bank of India loan interest rate
Bank of India is listed at 14.94% 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
-1.05 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 1,942
For 120 months · incl. fees
Total repaid
Ksh 225,529
Principal Ksh 100,000 + Ksh 125,529 extras
Effective APR
21.28%
Advertised rate 14.94% · 93.2% 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 100,000 |
| 1 | Ksh 14,628 | Ksh 4,689 | Ksh 95,311 |
| 2 | Ksh 28,505 | Ksh 10,128 | Ksh 89,872 |
| 3 | Ksh 41,511 | Ksh 16,437 | Ksh 83,563 |
| 4 | Ksh 53,508 | Ksh 23,757 | Ksh 76,243 |
| 5 | Ksh 64,332 | Ksh 32,248 | Ksh 67,752 |
| 6 | Ksh 73,798 | Ksh 42,099 | Ksh 57,901 |
| 7 | Ksh 81,687 | Ksh 53,526 | Ksh 46,474 |
| 8 | Ksh 87,747 | Ksh 66,782 | Ksh 33,218 |
| 9 | Ksh 91,685 | Ksh 82,160 | Ksh 17,840 |
| 10 | Ksh 93,161 | Ksh 100,000 | 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.